Disruptive finance: ProfitShare Partners boosts SME opportunities
Given the chance, many SMEs could see sustainable growth from orders for various products and services required by corporates. “Unfortunately,” says Maren, “traditional banks require a minimum of 12 -36 months of satisfactory trading history and a number of other obstacles for an SME to overcome, and in many instances, making them “unbankable”.
This is where ProfitShare Partners shines. When an SME gets an order from a corporate, they provide the data to PSP on the company’s website, and will receive an answer within 24 hours.
Initiatives that create change
To ensure SMEs had a fighting chance, ProfitShare Partners, together with radio station Hot 91.9FM and business app getlion, created the #GetSAWorking campaign, providing R100m in capital to qualified applicants and offering the chance to one SME of winning R1m.
Maren believes it is programmes like this that make it possible for the small operators to take advantage of large opportunities, and grow. “This growth sees small companies able to employ more people, keep cashflow going and eventually reach their full potential.”
In a business arena of inclusivity, ProfitShare Partners sees the “small fish” being a huge part of the economic backbone of South Africa. “With this kind of participation, the road to recovery from challenges that include Covid-19 is one that now holds promise,” Maren concludes.
- Hot 102.7FM hits no.1 again in Media and Telecoms in Growth Champions 202624 Apr 10:23
- Hot 102.7FM refreshes line-up from 1 April without missing a beat21 Apr 11:35
- Hot 102.7FM MD Lloyd Madurai reappointed to global grand jury of the New York Festivals Radio Awards19 Mar 10:07
- Hot 102.7FM surges to 710,000 regular listeners, expanding its commercial footprint in Gauteng17 Mar 11:31
- Hot Cares supports K9 anti-poaching heroes after devastating Kruger floods25 Feb 11:59
