When exploring where to get funding for your business, it all depends on where you are in your journey.
If you’re just starting out, startup funding will likely be your first priority. Government grants can give you the support you need to turn your idea into something real.
Once you’ve got a product/service and a customer base, you might look to growth funding. This is where companies like Geddes can step in.
Whether you’re launching or expanding, this article will point you in the right direction to secure the funds you need.
Where Can You Get Funding For Your Business?
Growth Funding
Growth funding, also known as growth capital or expansion capital, is a specific type of funding designed for established companies that have demonstrated a viable business model and are now looking to scale and expand significantly.
The specific use of growth funding varies depending on the company’s stage and industry. However, it commonly goes towards:
Expanding market reach: Opening new locations, targeting different customer segments, or international expansion.
Scaling operations: Investing in infrastructure, technology, and personnel to handle increased demand.
Product development: Enhancing existing products, launching new ones, or investing in research and development.
Marketing and sales: Implementing more aggressive strategies to acquire and retain customers.
Acquisitions: Buying other companies to gain market share, new technologies, or talent.
How To Apply For Growth Funding From Geddes
Funding at Geddes is shaped by insight and timing. Each application is treated as its own case, with future growth in mind. We look at where the business is heading, not only where it’s been. That helps us back businesses ready to take advantage of the opportunities in front of them.
We’ve stripped the application process down to what matters: clarity, speed and real people on the other end. You’ll know exactly what to expect from the start.
Geddes offers business funding between R1 million and R15 million, with repayment terms of up to 5 years. These are our funding options:
– Business Loans
– Bridging Finance
– Inventory Finance
– Invoice Factoring
– Lease Funder
– Business Rescue Finance
Getting started is easy and happens online. Here’s how:
1. Visit our website – go to https://geddescapital.co.za.
2. Click “Apply”– the form takes less than half an hour to complete
3. Submit your documents, which include:
- Six months’ bank statements.
- Annual financial statements of the last year.
- Management accounts.
- Company registration documents.
Startup Funding
Every new business has costs from day one — from product development to marketing, hiring, and operational expenses. Startup funding helps manage these early demands and opens the door to growing in a stable, structured way.
To make a solid case for funding, the business must be clearly explained. This begins with a well-prepared business plan, which outlines the company’s vision, mission, target market, competitive analysis, marketing strategy, and financial projections.
Adding financial history, a working model or early version of the offering, and background on the team running the business makes the application stronger and helps others see how the business could develop over time.
Where To Apply For Startup Funding
Small Enterprise Finance Agency (SEFA)
SEFA provides loans up to R15 million to startups needing capital for equipment, working capital, or expansion. Their focus is on youth, women, and rural entrepreneurs, offering both direct and partner funding.
Khoebo Innovation Promotion Programme
The Khoebo Innovation Promotion Programme supports startups with innovative products or services that are ready for commercialisation. It offers cost-sharing grants of up to R5 million, with the startup contributing a minimum of 25%.
National Youth Development Agency (NYDA) Grant Programme
NYDA offers grants from R1,000 up to R200,000 for youth (18–35) with viable startup ideas. The funding covers equipment, stock, and marketing, and is paired with business development support.
New Venture Capital
New Venture Capital supports early-stage black-owned businesses with high-growth potential. Startups can access funding between R1 million and R50 million, alongside strategic support.
Women Empowerment Fund (WEF)
WEF funds women-led startups with loans or equity funding between R250,000 and R75 million. It focuses on job creation and sustainability in various sectors.
Targeting black women entrepreneurs, this fund offers funding from R30,000 to R2 million for startups needing early-stage capital and business support.
Imbewu Fund
Designed for black-owned startups, Imbewu offers equity and loan funding between R250,000 and R15 million for scalable, high-potential ventures.
This fund supports black-owned businesses looking to acquire or grow medium-sized ventures. Startups can access between R2 million and R50 million, though early-stage readiness is essential.
Summary
Funding works best when your goals are clearly matched to what lenders are looking for. Growth funding leans heavily on your track record. You’ll need to show that your business can scale with consistency and that it’s already shown strong signs of progress.
For early-stage ventures, lenders usually pay close attention to the business plan. They’ll want to see how the idea will take shape, how you’ll approach the work, and what the future could look like.
If you know what each investor type wants to see, you’re in a better position to tell your story with focus and intention.