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.Follow us on Social Media