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Please note we do not sell business opportunities or businesses we only manufacture and supply bed equipment for the bed business industry
Require Funding?
Bed Manufacturing does not do funding but below are some ideas of where to find funding.
In South Africa, many new small businesses struggle to find capital to start-up or expand their businesses.
Although there are many ways to access capital or funding, you need to be aware that there are strict criteria in applying for funding, lots of paperwork, and often a long wait before financial assistance is granted. Even if you meet the criteria, funding is not guaranteed.
It is worth carefully reviewing your options and find the most suitable funding vehicle before submitting an application. This page provides you with basic information to understand the business funding vehicles in South Africa that could provide you with the financial assistance you may require.
Government Funding for
Registered Businesses
The South African government offers a different types of funding for small businesses. And, range from grants to incentives, each offer some form of financial support for entrepreneurs. Government funding is linked to programmes such as black economic empowerment, job creation and developing the economy.
A Government Guide to Funding highlights the types of funding offered by government. And, here is a list of possible small business development agencies to consider or partner with: Funding for small business development.
Usually requirements for assistance are based on:
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A completed application form and business plan by owner or manager
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The ability to repay the loan
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The business being registered in South Africa with the CIPC
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The business operating in South Africa
Review of your application is often done in the following manner:
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Assessment of application is completed at a regional office closest to the business.
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After due diligence is done, a committee decides on approval.
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Upon approval, before funds are transferred, applicants will be required to sign a contract acknowledging debt.
Bank loans
Certain financial institutions, like banks, give start-up business loans. Like any other bank loan interest is charged and the monies would need to be paid back over a certain period of time as agreed with the lender.
Banks also have specific criteria, which often include:
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Providing a detailed business proposal/plan
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Providing registered company documents
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Having a good credit rating
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Showing financial records if you have started the business
For more information, read: 5 Small Business Resources in South Africa.
Another consideration is asset finance for your business.
Other Funding Options
Besides government funding and bank loans the are other financial options like: personal loans, loans from family or friends, crowdfunding; social enterprise funding / impact investing; funding for tech innovation; funding for green initiatives; cash advance for invoice / contract / tender; B-BBEE partner funding; venture funding, etc.
Here are some links you may find helpfull
Get Free Grant Funding for Youths aged 18-35 years! NYDA is giving 1000 Grants to youth enterprises in 100 days!
No idea where to start with business funding? SA's biggest business loan marketplace will match your business or SMME with the best business finance partner.
8 Minute Online Application. Approval In Hours. Access In 24 Hours Or Less. Apply Now. Fast, Flexible Finance. Take Advantage Of All The Opportunities That Come Your Way.
Purchasing either new or used equipment with cash reduces your working capital which may cause later cash flow problems or could be cash better spent elsewhere in your business. Or you simply don’t have the cash for a big purchase.
Just Getting Started?
Bed Manufacturing does not do funding but below are some ideas of where to find funding.
If you have an idea to start a business with one of our machines, its always good to start with a business proposal or develop a business plan to ensure that your ideas and thoughts are aligned and make sense to you and anyone that reads it.
Once you have your plan and if you require funding or support it will be beneficial to register your business with the CIPC, get your SARS tax number and bank account.