Company name: Business Partners
Contact telephone number: 0861 763 346
Postal address: P.O.Box 7780, Johanneburg, 2000
Physical address: 5 Wellington Road, Parktown, Johannesburg
Website address: www.businesspartners.co.za
Business Partners Limited is a specialist risk finance company for formal small and medium enterprises (SMEs) in South Africa, and selected African countries. The company actively supports entrepreneurial growth by providing financing, specialist sectoral knowledge and added-value services for viable small and medium businesses.
Deals are structured using equity, shareholders’ loan accounts, royalties and term loans or any combination of these. Business Partners has developed a range of proprietal financing models that offer entrepreneurs maximum flexibility to suit their specific needs.
Applications for finance are assessed on the viability of a business, which comprises two important elements:
- the business and
- the entrepreneur
The business evaluation includes matters such as the product or service and its market acceptability, market size, the gearing of the business, and its ability to exist and grow, as well as the business’s history, the stage of its development and medium- to long-term profit potential, technical aspects and the location of the business.
In evaluating the entrepreneur, aspects such the ability to run a successful business on sound business principles, integrity, drive, vision and appropriate experience, are considered.
Business Partners considers financing applications up to R20 million in all sectors of the economy — with the exception of on-lending activities, direct farming operations, underground mining and non-profit organisations — to those formal small and medium businesses whose gross assets are under R100 million, where annual turnover does not exceed R200 million and/or employees are less than 500 in number.
Applications for financing below R500 000 are usually not considered; and the company does not operate in the informal or micro enterprise sectors.