Retail Capital gives funding discounts (and longer terms) to help Knysna rebuild

Retail Capital dispatched a team to fire stricken Knysna last week to speak to business owners across an array of industries.

What is the situation?

The Money Show’s Bruce Whitfield interviewed Retail Capital CEO Karl Westvig.

Retail Capital provides businesses with an alternative funding solution to traditional small business loans.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Some businesses are flourishing as a result of it [fire].

Karl Westvig, Retail Capital

Some home repair businesses can’t get enough stock.

Karl Westvig, Retail Capital

Some retailers lost their stock due to smoke damage. Insurers don’t pay because of a ‘no flame, no pay’ policy. We can help them get stock.

Karl Westvig, Retail Capital

We’ve discounted our rates and gave them longer terms.

Karl Westvig, Retail Capital

We relaxed our criteria.

Karl Westvig, Retail Capital

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