FUND DETAILS
Name of the fund
Business Growth/Resilience Facility
Fund administered by
Department of Small Business Development
Type of relief/support
Loan funding @ Prime -5%
Total size of the fund
R200m
Who does the fund target?
SMME specifically
Sector target
All sectors
Minimum amount you can apply for
Not stipulated
Maximum amount you can apply for
R50 000 per entity
NB: This fund is now closed for applications
FUNDING CRITERIA:
- The business must have been registered with CIPC by at least 28 February 2020.
- Company must be 100% owned by South African citizens.
- Employees must be 70% South Africans.
- Priority will be given to businesses owned by women, youth and people with disabilities.
- Be registered and compliant with SARS and UIF.
- For non-compliant micro businesses, Seda will assist them to comply and request for assistance must be sent to growthfund@seda.org.za
SUPPORTING DOCUMENTATION TO BE PROVIDED:
- CIPC registration documents.
- FICA documents (e.g. municipal accounts, letter from traditional authority).
- ID copies of directors/members.
- 3 months’ bank statements.
- Latest annual financial statements or management accounts not older than three months from date of application.
- Business profile.
- 6 months’ cash flow projections - where applicable.
- Relevant industry certification - where applicable.
- Estimations for funding requested.
HOW TO APPLY:
- Registration on the National SMME Database: https://smmesa.gov.za/
- Complete the simplified online application form available from http://www.sefa.org.za/Content/Docs/COVID19_Finance_Relief_Application_BR1.pdf
FOR ADDITIONAL INFORMATION:
smmerelief@sefa.org.za | 0860 663 7867 or 0860 ONE STOP
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