Transforming your transport business finance
 

Transforming your transport business finance. Financial assistance from R1, 000, 000.00 depending on the risk profile.

Springbok Group (Pty) Ltd is a key player in supporting and developing small to medium Transport Companies to compete on an equal, successful footing within the transportation industry.

We support and assist the developing of existing transport enterprises and start up Transport contractors.

Our motivation in supporting transportation entrepreneur’s development on all levels is a result of our ongoing commitment to better our own services to the transportation industry by partnering with developmental individuals as well as successful transport enterprises cost-effectively.

This ensure that we keep on being very flexible and adaptable to all the challenges that occur in our unique industry.

With Springbok Transport Group’s 35 years of dynamic Transport Management services, we established an excellent business-hup catering for the sharing of collective infrastructures enabling all participants to render cost effective excellent services to an industry that insists on using companies that operate in accordance with their own needs, co-ordination, and technology.

The advantages that smaller companies working together has is number one, their ability to adapt very fast to the everchanging challenges in the industry, this is made possible due to the flexibility, and fast well-informed decision-making capabilities of smaller transport enterprises.

Sharing our infrastructure collectively is beneficial for all parties concerned, this ensures cost effective sharing of operating costs, prompt marketing and sourcing of new contracts, overall strengthening of the business pool, establishing of a favourable business environment bringing about that we as a group commit, and service, only the most favourable, reliable customers and transport contracts, thus ensuring that all our member-transporters will have a healthy cashflow and fruitful transport business.

The best proven way for you to enter and develop your new or small transport company is to enter joint ventures and partner with solid, vigorous entities and individuals. Our Management services department will guide you in making informed and the correct choices of improving your own infrastructure to expectable standards of service delivery.

The biggest hurdles in the industry that you will encounter and most possible encounter now is a sound cashflow and overall financing of your business. For this reason, we outsourced and obtained the services of a group of well-established, well organised, financial experts and advisors.

Their cost breakdown for their services is as follow;

  • A feasible well-constructed transportation business plan and cashflow projections based on already proven statistics         R 5, 000. 00
  • Other costs and service fees R 10, 000.00
  • The total amount of R 15, 000. 00 is your liability and payable before Springbok Group (Pty) Ltd will instruct the Financiers to proceed with your application.
  • Springbok Group (Pty) Ltd guarantee that finance will be made available with conditions and terms of the Financier.
  • If you are not creditworthy and did not inform us of your correct creditworthiness, for said projects, finance is not guaranteed and you will be held liable for the cost incurred on your behalf.

Lack of capital “Cash flow” normally turn out that the business will result in failure. Transport businesses in South Africa have a ‘low barrier of entry’ at the bottom of the market, meaning that anyone with an old Truck, Bakkie, Cell-phone and internet facilities can start offering transport/transport co-ordination services.

Resulting in an oversupply competing at the bottom end of the transportation-market, we will assist you to enter and compete in a more professional sector of the transportation market.

In most instances, people will start a business with little to no capital, relying instead on revenue resulting from the business to cover all overheads from day one, severally limits your ability as far as marketing your activities positively that should have resulted in a positive cash-flow. Lack of capital normally limits you severally in purchasing adequate, dependable trucks to empower you to render professional reliable services to your Clients.

Insufficient funds will limit you to develop your business on par with other successful transportation companies, limiting your ability to source and deliver exceptional services to blue-chip creditworthy companies, with the undesired result that you will be forced to take on work from brokers that might not be reliable or paying on time ensuring that your cash-flow will deteriorate even more.

To ensure that you will not end up as one of those negative statistics, it is vital that you develop your Transport business from a sound financial footing from day one. Your positive, feasible financial planning is one of the essential components to ensure the fruitful development of your Transport company, this is where we will save you a lot of hardship, ensuring you are going the correct, informed, way with your company from the start.

We will assist you with expert knowhow, advice, and mentorship in all the sectors of the transport industry, enabling you to build a sound, profitable enterprise.

We undertake to assist you in structuring a workable sound transport business plan with all the essential guidelines to ensure that your financial risk profile will be acceptable for most financiers in South Africa.

It always makes a good impression when you are organised. We will avail our financial contacts for your benefit which consist, but are not limited, of the following entities;

Commercial Banks. 

Commercial banks will finance vehicles used in the transport industry. Before you approach the bank for funding you must be able to show the bank that you have the necessary expertise to run a business by producing a well-constructed business plan. You will need security (personal surety and or assets) to cover the loan amount that you need.

Khula Start-up Fund. 

Khula Start-up Fund has been created to empower South Africa’s historically disadvantaged entrepreneurs to establish new enterprises. Individual solutions are structured after having assessed the potential return of the venture and level of risk. Loans are repaid over a 5-8-year period SME’s can apply for finance between R150 000 to R3 million

IDC Metal, Transport, and Machinery Fund. 

The Industrial Development Corporation assists entrepreneurs in financing vehicles, components, and accessories as well as diverse transport products such as boats, planes, and trains. Repayment is usually made over 5-10 years depending on the risk profile.

The National Empowerment Fund (NEF)

The aim of this organisation is to support B-BEEE and previously disadvantaged individuals and communities.

The Small Enterprise Development Agency (SEDA)

This organisation supports the growth of small businesses. It assists with funding for starting and growing a business, and there is a SEDA branch in every municipality.

The Department of Trade and Industry (DTI)

The DTI provides funding to qualifying businesses.

The South African Micro-Finance Apex Fund (SAMAF) 

This organisation grants funds to businesses operating in rural or outer urban areas.

The National Youth Development Agency (NYDA) 

Provides enterprise funds for young entrepreneurs aged between 18 and 35 years old and aims to assist them in starting a business or growing an existing one.

GroFin Africa Fund

A specialist finance company that invests in companies at any stage of their development up to R 13, 000, 000.00 million in funding.

Black Business Supplier Development Programme (BBSDP)

This is a cost-sharing grant to Black-owned companies to assist them in improving their competitiveness, profitability, and sustainability.

The Industrial Development Corporation (IDC)

There are multiple funds and grants available offering financial support to start-up businesses needing capital for equipment, working capital and buildings. It also funds business wanting to expand

Isivande Women’s Fund – This is an exclusively women’s fund provided by the DTI to empower women entrepreneurs. With funding, education and training the Fund aims to accelerate women’s economic empowerment with affordable, usable, and reliable finance.

Department of Economic Development Kwa-Zulu Natal

Foreign and local Investors on partnership agreements.

 

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