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FREQUENTLY ASKED QUESTIONS
We have compiled a list of frequently asked questions for your convenience:
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Does Funding Connection give funding or are you a funding agency?We are a private consulting firm and help you to apply for funding. With our professional business plans and guidance, we increase your chances to raise funding dramatically.
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Where do you get our industry research from?We have a qualified research team that specifically gets their research from credible sources in paid journal articles and databases.
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Is company registration required to apply for funding?Yes, if you are applying for funding, your company must be registered. This is a requirement for various financiers. Funding Connection offers a company registration service and can assist you with registering your company correctly. For more information, please contact us directly.
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Why is a business plan necessary for securing funding?A business plan is essential for securing funding because it demonstrates to banks and investors why they should invest in your business. Lenders and investors will only risk their time and money if they are confident that your business will be successful and profitable. A thorough and well-researched business plan: - Shows that you’re serious about your business - Helps lenders and investors understand the business idea - Shows your predicted profits and income streams A complete, thoughtful business plan is one of the most valuable tools in helping you reach your goals. It gives your business direction, defines your objectives, maps out strategies to achieve your goals, and helps you manage potential challenges.
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Am I guaranteed to receive funding?All funders and investors in South Africa require a well-structured and viable Business Plan to support your funding application. However, it is important to note that having a Business Plan does not guarantee funding approval. Investors carefully evaluate various factors before making a decision regarding business loans or investments. These factors typically include the soundness of the business and financial model, the Entrepreneur's expertise, market potential, reliable market research, the intended use of funding, the ability to repay the loan, the Entrepreneur's personal credit history, and the availability of collateral to secure the loan. Funding Connection can assist you in developing a Business Plan that is likely to attract funding. However, it is essential for you to provide the necessary credit history, collateral, and any additional requirements that the Investor may request. Please be aware that these factors are beyond our control.
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I am just starting my business. How can I afford your services?While it may be challenging to have adequate funds prior to launching a new business, making too many mistakes can lead to a swift downfall. Instead of viewing the expenditure on a Business Plan Writing Company's services as an expense, it should be seen as an opportunity to invest in your company's strategic direction and market positioning.
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