MONDAY, 11.30AM
THE Small Business Development Corporation has increased its operating capital available for lending by 60% to more than R330-million for the financial year to March 31 1998.
The increase comes as a result of the larger average size of business loans being awarded by the corporation since it stopped lending to micro enterprises after government reduced its shareholding in the SBDC from 50% to 25%. The shift in focus has seen loans increasing in size to a range between R50 000 and R3-million.