In order to provide you with specific assistance, there are a few things you need to have in place to have be successful in your application for funding.
These will be:
1. A business plan for the business
2. Details of the amount you are seeking funding for and who is providing the
finance
3. Security - what do the funders require in this regard eg. Bond over fixed property, cession of assets, personal surety, etc.
4. Legal entity the business will be using.
5. VAT registration - this is complusory where the anticipated turnover will exceed R1m
If you are able to provide me with a response to each of items, I can provide you with guidance.
Regards,
Greg Wesson
Wesslott Business Solutions
www.wesslott.co.za