Business Growth/Resilience Facility

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:

FOR ADDITIONAL INFORMATION:

smmerelief@sefa.org.za | 0860 663 7867 or 0860 ONE STOP

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