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What form of business is best?One of the most important things you need to do is to decide what form of business your SME will be? There are many forms of businesss: from sole proprietorships, to partnerships, to CCs, to PTY LTDs. The most likely form for your small business will either be sole proprietorship or a close corporation. |
Exclusions
The Development Bank of Namibia does not finance:- Refinancing or consolidation of existing debt
- Speculative activities with little or no value addition
- Specialised equipment not essential to the business
- Socially undesirable investments such as gambling
- Reimbursement for unrelated expenditure prior to loan approval.
