What should I know about obtaining a start-up business loan from my bank?
Smart About Money | 23.03.2026 22:47
Business financing is readily available to established businesses because banks will typically lend money to a successful entrepreneur. However, as a start-up, you may find it more difficult to secure a loan, as you may not meet the standards, such as operating for six months or more and having a monthly turnover of at least R30 000. You may also not have enough assets to provide collateral. Alternative lenders who specialise in small business funding may be a better fit.
