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      1. Funding Info
      2. COVID-19 relief funds
      3. Banks/Private sector funds now closed

      FNB - South African Future Trust

      FUND DETAILS

      Name of the fund                                                   

      FNB - South African Future Trust

      Fund administered by                                                      

      FNB

      Type of relief/support                                                 

      The fund is to provide relief to the SMME sector in the form of 5-year, interest-free loans to qualifying businesses, for the purpose of maintaining minimum weekly payments to those employees who are at risk of losing their jobs or suffer loss of income                                           

      Total size of the fund                                                  

      Not stipulated

      Who does the fund target?  

      SMME 

      Sector target                           

      All sectors

      Minimum amount you can apply for                                  

      Not stipulated 

      Maximum amount you can apply for                                

      R750 per qualifying employee per week, over a period of 15 weeks i.e. R11 250 per permanent employee

      FUNDING CRITERIA: 

      • The business has an annual turnover below R25m.
      • The business can clearly demonstrate the impact of COVID-19 on their operations and the business must have been in good financial health prior to 1 March 2020.
      • The business must have been trading for at least 24 months.
      • Confirmation of permanent employment status of employee.
      • The business must have its main bank account with FNB and be in good standing with the bank and have demonstrated sound banking behaviour and maintained a good credit history.

      SUPPORTING DOCUMENTATION TO BE PROVIDED: 

      • Company registration number (if you have a company or a close corporation).
      • The Master's reference number (if applying on behalf of a trust).
      • Identity number and business address (if you are a sole proprietor).
      • Names and ID numbers of all directors/members/trustees/sole proprietor.
      • PAYE number (if applicable).
      • Income tax number.
      • A list of the full-time employees to receive relief with the full names, ID numbers, bank account details and contact details.   

      HOW TO APPLY:

      PLEASE NOTE APPLICATIONS FOR THIS FUND ARE CURRENTLY CLOSED.

      FNB SMEs can register their interest to apply for the South African Future Trust (SAFT) funding by completing the SME assessment found under the “COVID-19 – For My Business” menu on the FNB App or FNB Online Banking. Log in by going to https://www.fnb.co.za/ 

      FOR ADDITIONAL INFORMATION:

      087 736 2247