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Putting resources into transport develops SMEs

For Small Medi­um Enter­pris­es (SMEs) to thrive, they need trans­port to col­lect or deliv­er prod­ucts to their clients.

Experts describe mov­able assets, for exam­ple, a deliv­ery van as the oxy­gen of every small busi­ness, say­ing with­out access to trans­porta­tion, micro estab­lish­ments will suf­fo­cate.

While small busi­ness sec­tor is a crit­i­cal com­po­nent of the South African econ­o­my, it con­tributes 34 per­cent to South Africa’s Gross Domes­tic Prod­uct (GDP) pro­vid­ing to 60 per­cent of the labour force.

Often the world of com­plex finan­cial mod­els is only for big busi­ness or where salaried indi­vid­u­als pro­duce payslips to secure finance.

To help small busi­ness own­ers, fac­ing a myr­i­ad of chal­lenges in their endeav­ours to grow their estab­lish­ments, Wes­Bank, a  lead­ing Vehi­cle, and Asset finance pro­vide cor­rect mov­able Solu­tion.

“We have been help­ing cus­tomers to grow their busi­ness­es with the cor­rect mov­able asset finance solu­tions for almost 50 years,” said Futhi Cabe, Wes­Bank Head of SME Seg­ment.

“Where the finance appli­ca­tion is for an amount less than R1m, we require only bank state­ments and not audit­ed finan­cials. We also offer a pro­tect­ed online appli­ca­tion plat­form where SMEs can apply for finance and receive a reply instant­ly,” said Cabe.

Cabe said SMEs can vis­it our offices or apply online, afford­ing appli­cants abil­i­ty to sign con­tract wher­ev­er they are — day or night.

Wes­Bank helps inde­pen­dent com­pa­nies and the econ­o­my to devel­op.

It funds entre­pre­neur to get resources in dif­fer­ent enter­pris­es includ­ing min­ing and con­struc­tion, trans­port and logis­tics, man­u­fac­tur­ing, retail and hos­pi­tal­i­ty, and agri­cul­ture.

In addi­tion, said Cabe, Wes­Bank has the largest num­ber of strate­gic part­ner­ships with equip­ment man­u­fac­tur­ers in South Africa and oth­er sup­pli­ers to assist cus­tomers with their asset choic­es and finance.

Cabe said Wes­Bank has spent the past few years build­ing Infor­ma­tion Tech­nol­o­gy sys­tems, and process­es that make access to finance and cred­it for SMEs easy, fast and friend­ly.

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