BTS Finance- short term finance provider for SMEs
Small and Medium Enterprises (SMEs) are key to enhanced economic growth and development in any nation. In South Africa, these companies are key to driving job creating and alleviating poverty.
It’s no secret that running an SME is no easy feat. Business owners face numerous challenges as they seek to grow their businesses. One of the main challenges faced is that of finance. Having access to working capital in the first few years of operating an SME isn’t very easy.
The good news is that there are numerous ways for SMEs to obtain access to finance. In addition to banking institutions, venture capital, angel investors, crowdfunding and peer-to-peer lending, there are micro finance institutions.
Established in 2013, Barez Trading Services (Pty) Ltd is a financial institution that has as focus on providing shorter term finance to SMEs and property owners through several financial products.
SME Finance– While some small business owners are able to start businesses, many of them face additional challenges in terms of expansion. Some of these entrepreneurs are able to find innovative ways to fund their expansion, but the vast majority are seeking finance. Some business owners qualify for bank loans, while others opt for other solutions. Micro finance providers such as BTS Finance may provide simple solutions for business organisations looking for finance to foster growth.
Personal Loans – Unsecured Personal Loans are straightforward type of loans. As a borrower, you borrow money from a bank or another lender at a specified interest rate over an agreed upon repayment period. This loan isn’t secured against your home, so interest rates tend to be higher.
Unsecured loans are usually granted to individuals with good credit scores. You don’t have to provide any assets as collateral for this type of loan. As a borrower you are given the flexibility to choose your repayment term, which usually ranges between one and five years.
With BTS Finance, individuals get access to loan amounts of up to R150 000.
Consolidation Loans – Debt consolidation is a debt management tool that can be used by over-indebted individuals to get their finances under control. It’s essentially a process that involves using new debt to pay off existing debt owed to creditors and can help you get rid of debt faster.
Further benefits of consolidation loans from BTS Finance:
- Paying a single repayment to a bank or financial institution may be lower than having to pay multiple institutions separately.
- Debt consolidation is an effective way of taking control of debt.
- It’s a simple way of becoming debt-free.
Vehicle Finance – Getting vehicle finance offers individuals a simple solution for getting to drive the car of their dreams. Vehicle Finance options offered often include Instalment Sale Agreement, Finance Lease Agreement and Operating Rental.
Bonds – The home-buying process can be both exciting and yet extremely stressful too. This process is often complicated and stressful as a first-time buyer. With BTS Finance however, this process is convenient, transparent and easily accessible. The institution acknowledges that this is an important milestone and requires a huge commitment. Through BTS Finance, accessing bonds may be much easier.
Insurance – Insurance is a means of protection from financial loss. It’s essentially a form of risk management. BTS Finance provides access to various types of insurance solutions, such as life, car, home, contents insurance.
Benefits of choosing BTS Finance
- Speed, knowledge, skill and unparalleled client service that delivers quality services to clients.
- Clients receive their funding in the shortest possible time.
- There is no standing in queues and there are no upfront fees.
- You can borrow more money that what you can get through a credit card.
- Fixed interest rate, which means fixed personal loan repayments
BTS Finance Contact details