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We have compiled a list of frequently asked questions for your convenience: 

  • 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.
  • 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.
  • Which funders do we generally deal with?
    We use Government Institutions, commercial banks, Enterprise Development Funds and equity funds. We deal with the Department of Trade and Industry (DTIC) for different grants, the National Empowerment Fund (NEF), the Industrial Development Corporation (IDC), the KZN Growth Fund, the Land Bank and Small Enterprise Finance Agency (SEFA) and have a look at all different options for you. For more information on these agencies, please click here.
  • Why do I need your help to apply on my behalf?
    We assist existing and start-up companies to access grants and loans. We know exactly what the different funders and financiers want to see in your business plan and application. The South African Government alone offers over 70 different programmes for business, each of them with 20 pages of rules and regulations. We provide support to apply for funding, guidance regarding specific requirements for each funding program, advice and assistance with the whole application process and filling in the application forms. There are still commercial banks, funds and international funds available.
  • Does my company need to be registered?
    Yes, if you are applying for funding, your company must be registered. This is one of the requirements for the different financiers. We offer a company registration service and can assist you with registering your company correctly. Please click here for more information.
  • Is It possible to get funding for sub-contracts?
    Yes, however, you must have a signed agreement in place which clearly shows whether it is a cost-reimbursable sub-contract or a fixed-price sub-contract. The contractual agreement must be for a minimum of 5 years and contain schedules for specified deliverable tasks or items; these are due dates by which particular tasks and/or products are to be completed, reviewed and approved by the contracting agency.
  • Why do I need to have a business plan?
    If you're seeking finance for your business, you'll need to show banks and investors why they should invest in your business. Lenders and investors will only risk their time and money if they're 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 to understand the business idea, and 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 to manage possible bumps in the road.
  • 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.
  • Does Funding Connection assist with finding investors?
    We can assist you by matching you to the grant and loan agencies, commercial banks and investors to suit your financial needs. In some cases you will need an investor pitch deck to approach investors, they will ask in the second step for your business plan and we can guide you and assist you.
  • What are the biggest reasons for unsuccessful funding applications?
    Insufficiently prepared business plans. Unrealistic or nonviable financial projections. Entrepreneur lacks experience and knowledge of the intended business venture. Inadequate market research. Limited understanding of the industry in which the Entrepreneur aims to operate. Impractical business model. A business venture founded on opinion rather than facts.
  • 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.

If you have a question please click the button below and contact us!

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