Fin24.com – Finweek
A Fin24 user wants to start a fast food franchise in a township with three business partners, but doesn't know how to access funding. He writes:
I need some advice on how to apply for new business finance. Three other young business partners and I would like to start a fast food franchise in a township area where we believe there is a market for it.
The problem we currently have is that we would need to find about R500 000 in startup capital, which we do not have.
We are all under 30 and currently working in the financial industry. We have looked at different financing options and the problem we have encountered is that these financiers all need us to be involved in the day to day running of the business.