Finding finance – a key question in exporting
One of the major stumbling blocks facing the would-be
exporter is that the process of exporting is both long
and costly. Finding foreign markets often means travelling
to these markets, participating in a trade fair, placing
ads and undertaking other forms of marketing activity,
all of which inevitably cost considerably more than in
the local market. Then, once you get an order, you still
need to produce the goods and get them shipped to your
overseas customer and you may be required to carry this
cost for 30 days or more, before you get paid!
Where can you go to get financing?
For this reason, one of the main questions
starting exporters have, is “where can I get financing” (let’s
be honest that’s the main question of most businesses).
Well, unfortunately there are not that many uniquely export-related
financing sources. There are still the banks that serve
as the main source of financing. Besides for the banks,
there are a few other forms of financing that you might
consider. At the same time, the Department of Trade and
Industry provides a limited range of export incentives
that are aimed at providing money to pay for very specific
In this section, we provide links to the various providers
of financing, as well as supporting information on how
best to access and use this financing.
Click here to access
a list of South African banks
Click here to learn more about the DTI’s
Click here to find
out more about non-bank financiers
here to learn more about financing for small businesses – provided