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November
2011 |
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Need funding to grow your retail business?
Africa and in turn South Africa have fast become lands of
opportunity for global brands, as they look to tap into
our emerging markets for new business. This presents retailers
and related service providers, both big and small, with
many possibilities to expand and grow their business interests.
But in order to grow, they need financial support, which
has traditionally been a hurdle for small business borrowers.
They experience a complex and time consuming process, with
stringent documentation requirements, onerous security obligations
and decision times of up to 12 weeks; only to find that
the majority of applications from this segment are being
declined.
Retail Capital has introduced an innovative product, called
a business cash advance, specifically for South African
business owners of small to medium companies that may provide
an answer to these problems.
The product allows small business owners to leverage an
asset that the banks do not even consider; their future
debit and credit card turnover. Simply put, Retail Capital
will buy an amount of future card turnover, for a discounted
price paid immediately. An agreed percentage of the future
debit and credit card transactions are then passed over
to Retail Capital, until the total amount purchased is realised.
Each advance is tailored to the specific needs, capabilities
and turnover of the business, with no personal financial
surety required from business owners. Applicants will be
required to supply merchant information detailing card turnover
and contractual agreement, recent bank statements and a
copy of the mortgage/lease agreement. In addition, key references
will be requested.
In order to qualify for a business cash advance, businesses
will need:
• To have been operating for at least
6 months
• A track record of debit and or credit
card turnover
• Have an established business
location
Retail Capital is committed to facilitating business growth,
through the provision of flexible and convenient funding
solutions, based on joint success
Contact
Retail Capital | Read
a full version of this article
Please feel free to make comments or raise new issues by
emailing the editor
editor@fastmoving.co.za
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| Retail Capital |
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Retail Capital has introduced an
innovative new product, called a business cash advance,
specifically for South African business owners of small
to medium companies.
“A business cash advance is for business owners who
accept credit and debit cards, who are looking for a way
to improve or grow their existing business, but are unable
to raise funding for this,” says David Lewis, CEO
of Retail Capital.
A business cash advance has many benefits, but is notably
simpler, more flexible and faster than traditional options.
In addition, the daily pay over integrates seamlessly with
existing business processes, making it quite convenient.
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FEATURED RETAIL SERVICES
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BMI
Research
BMI Research has more than 30 years experience in the industry
across a wide range of methodologies and markets. From consumer
to industrial research, both quantitative and qualitative,
we can answer your research questions, providing you with
insights to grow your business. |
 |
Artifact
We create advertising campaigns, create or refresh your
brand identity, develop your digital strategy, implement
your social media campaign, design and print your collateral,
design and develop your flash sales presentation, run your
search media campaigns, build your website, book your media. |
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RECRUITMENT AGENCIES
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Talented
Selections
Talented Selections is committed to identifying highly talented,
exceptional individuals who have built solid careers at a
middle and senior management level and like us are passionate
about what they do. |
Nicolene
Di Bartolo
It is our mission to source exceptional talent in mid-to executive
management levels across all job categories. |
Strategy
Recruitment Marketing
Strategy Recruitment Marketing is focused on providing tailor-made,
alternative recruitment solutions that are based on out-the-box
strategic and creative thinking. |
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