Business plans in bank decision-making when financing new ventures in South Africa

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dc.contributor.author Pretorius, Marius
dc.contributor.author Shaw, Gordon
dc.date.accessioned 2007-07-24T06:34:33Z
dc.date.available 2007-07-24T06:34:33Z
dc.date.issued 2004-06
dc.description.abstract This article focuses on the position that South African commercial banks adopt when evaluating an application for finance of new business ventures. The role and importance of the business plan in the decision-making process is highlighted and investigated. This article begins to qualitatively describe the decision-making processes, criteria and processes instituted by the four major South African commercial banks that between them serve 96 per cent of the banking services for small business. It then questions the barriers placed on applicants applying for finance and recommends how these barriers can be removed. The article concludes that banks finance business ventures with poor potential for success if the applicant is creditworthy or has the necessary security rather than assist applicants with good plans and ventures with potential, but lacking sufficient security. en
dc.format.extent 326715 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Pretorius, M & Shaw, G 2004, 'Business plans in bank decision-making when financing new ventures in South Africa', South African Journal of Economic and Management Sciences, vol. 7, no. 2, pp. 221-241. [http://www.journals.co.za/ej/ejour_ecoman.html] en
dc.identifier.issn 1015-8812
dc.identifier.uri http://hdl.handle.net/2263/3104
dc.language.iso en en
dc.publisher Juta en
dc.rights Juta en
dc.subject South African commercial banks en
dc.subject Business ventures en
dc.subject Business plan en
dc.subject Small business banking services en
dc.subject Financing en
dc.subject.lcsh Business planning -- South Africa
dc.subject.lcsh Banks and banking -- South Africa
dc.subject.lcsh New business enterprises -- Finance
dc.title Business plans in bank decision-making when financing new ventures in South Africa en
dc.type Article en


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