For any business wondering how to finance a government tender in South Africa, BizFunding offers a solution.
We partner with your business, providing funding and hands-on assistance throughout the fulfilment process.
Why we offer finance for government tenders
Even a small government project can be big by SME standards. The financial resources it requires can easily lead to cash-flow problems.
Problems paying vendors
Delaying payments to vendors is bad for business. Relationships suffer and your company’s reputation can take a knock.
When suppliers don’t get their money on time, they may sever relations – leaving a gap in the supply chain. This has a direct impact on a business’ ability to complete a project.
When trust is lost, it’s difficult to negotiate better terms and more favourable repayment periods.
Your business loses out on early payment discounts and incentives. Instead, it incurs late payment fees and interest – essentially making the required goods and services more expensive.
Cash-flow issues due to slow payment
In South Africa, the government is notorious for delaying payments to providers of both services and goods.
A number of leading corporates in the country are also exceptionally slow to pay their vendors. This is despite backing for the #PayIn30 initiative, conceived by prominent business organisations.
Delays can mean that even after successfully completing a project – on time and on budget – your business may face financial difficulties. You could end up being unable to pay suppliers and employees.
At BizFunding, we don’t believe that a lack of working capital should prevent energetic, skilled South African businesses – including small businesses – from being given growth opportunities.
How we can help businesses finance government projects
BizFunding assists in two main ways.
Tender funding
We provide financing to entrepreneurs and business enterprises with signed contracts from government to construct infrastructure projects.
Our tender funding gives companies the flexibility to pay suppliers upfront and fulfil purchase orders while awaiting payment.
Besides financing entire projects, a team of BizFunding consultants is actively involved in guiding businesses through the project implementation process.
Invoice funding
In addition, we offer cash advances against unpaid invoices. Small businesses, in particular, can leverage what they’re owed to sustain business operations.
Invoice funding is a quick, easy and financially prudent way to bridge the cash-flow gap.
Get same-day tender funding through BizFunding
If your business requires capital to finance a government tender, or simply needs funds to stay afloat while awaiting payment, BizFunding can help.
We offer short-term fixed-fee financing solutions for SMEs up to R2 million. Call BizFunding on 012 001 0095 or apply online and we’ll provide the funding to get the job done.
