INVESTIGATING ALTERNATIVE ACCESS TO START-UP CAPITAL FOR TSHWANE BUILT ENVIRONMENT SMMEs

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Abstract

The aim of this study was to investigate alternative access to start-up capital for Built Environment SMMEs from established support and developmental institutions in South Africa. The aim and objectives of the study have been met. The study has shown that Built Environment SMMEs accessing start-up capital from alternative funding institutions and the perceived challenges associated with accessing the finance includes the following: 1) More than half of the sample population did not apply to commercial institution for start-up capital, which may indicate that the SMMEs did not meet the financial requirements of the commercial institution; 2) More than 80% of respondents did not apply to any alternative funding institution to access start-up capital; 3) Approximately 80% of respondents made use of savings and other sources of funding for start-up capital; 4) Most SMMEs are not aware of alternative funding institutions, and that alternative funding institutions are not easily accessible.

Keywords: Alternative Access to Start-up Capital, Built Environment, SMMEs, SEFA, Commercial Institution

How to cite this paper: van Scheers, L., & Whitehead, E. (2015). Investigating alternative access to start-up capital for Tshwane built environment SMMEs. Corporate Ownership & Control, 12(3-5), 561-572. https://doi.org/10.22495/cocv12i3c5p7