OBTAINING adequate credit has been the bane of those wishing to be self-employed, both in big and small ways. Normally, financial institutions are forthcoming when an enterprise is already well on the way to success and able to service loans. For the start-ups, however, just an idea is never good enough when only a business plan ” no matter how feasible ” is all there is to persuade a bank with. The consequence is obvious. It stunts the ambition of many an aspiring entrepreneur. For the economy it could easily mean that a business talent with the much needed acumen is lost. Irrespective of whether the intention is to stay small or to expand, opportunities are now being presented to the willing. These came with two recent announcements.
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