Government Approved Funding Schemes for SMME’s

Nicshe Business and Accounting Solutions present a list of our suggested government approved funding schemes for SMME’s

Government Approved Funding Schemes

Our team at Niche Business and Accounting Solutions is often asked by our clients on ways in which a SMME can tap into government approved funding schemes particularly focused on business development. Below you will find a list of all the government approved funding institutions and a summary of how they could assist. If you would like to know how our firm can help your business with all its accounting and business needs, please do not hesitate to contact one of our consultants today.

FINANCIAL INSTITUTIONS
Institution Summary of Potential Assistance Contact Details Website
National Empowerment Fund
(NEF)
  1. Imbewu Fund – Offering debt, quasi-equity and equity finance of up to R20 million comprising of:
  • Entrepreneurship finance – Maximum funding of R5 million.
  • Procurement finance – Funding generally limited to R10 million.
  • Franchise finance – Funding generally limited to R5 million.
  • Rural and community development projects – Funding generally limited to R20 million.

 

  1. Umnotho Fund – Fund is designed to improve access to BEE capital and has the following products:

 

  • Acquisition finance – Provides funding from R2 million to R75 million.
  • New venture financing – Capital of R5 million to R75 million.
  • Expansion capital – Funding of R5 million to R75 million.
  • Capital markets – Provides funding from R5 million to R75 million.
  • Liquidity and Warehousing – Provides funding from R5 million to R75 million.
Tel: (021) 431 4760
Call Centre:
0861 NEF WCP (0861 633 927)
www.nefcorp.co.za
Small Enterprise Finance Agency
(SEFA)
Credit Indemnity Scheme – R10 000 to R3 million for start-ups or to expand small- to medium-sized businesses.Enablis Acceleration Fund – Provides funding from R50 000 to R10 million. SMEs involved in all sectors – ICT, transport, tourism, agriculture, and service industry.Khula Land Reform Empowerment Facility – Black farm workers or other black people who want to buy and own land for agricultural production purposes:

  • Maximum loan R10 million per project.
  • Maximum loan of R800 000 per black person participating in the project of up to R10 million.

Cape Capital Investment and Finance Co Ltd – Provides general finance, asset-based finance, trade, stock financing and related financing.

Enablis Khula Loan Fund – Provides predominantly ITC-focused SMEs access to funding to start and or expand businesses.

Anglo-Khula Mining Fund – Ranges between R1 million and R20 million per project; equity stake will not exceed 49% of the issued share capital of the investee company.

Tel: 021 418 0126 www.sefa.org.za
Business Partners Business finance – Minimum of R500 000 to R20 million maximum in all sectors to those formal small and medium businesses whose gross assets are under R100 million, where annual turnover does not exceed R200 million and/or employees are less than 500 in number. Tel: 021 464 3600
(Cape Town)Tel: 021 919 3242
(Bellville)Tel: 044 873 6112
(George)
www.businesspartners.co.za
National Youth Development Agency (NYDA) SME funding – Maximum loan given is R350 000 towards purchasing equipment or stock for the business.Micro-finance – Loans ranging from R1 000 to R100 000. Tel: 021 415 2040
(Cape Town)
www.nyda.gov.za
Industrial Development Corporation Offers funding to businesses in manufacturing, ICT, tourism, agri-processing, media and motion, mining and minerals.Minimum amount of R1 million – unlimited. Tel: 086 069 3888 www.idc.co.za
Identity Development Fund (IDF) Offers business loans to women-owned business – Minimum amount of R250 000 and maximum of R3 million for up to five years. Tel: 011 351 2910 www.idf.co.za
New Business Finance Working Capital and Asset Purchasing – Maximum amount of R250 000 to all businesses.Bridging finance:

  • Minimum of R10 000.
  • Maximum amount of R250 000 to all businesses.

Transaction Finance:

  • Minimum of R10 000
  • Maximum amount of R250 000 to all businesses.
Tel: 021 671 6263 www.nbf.co.za
Blue Financial Services SMME Loans:

  • Minimum – R15 000.
  • Maximum – R3 million.
Tel: 021 949 4946
(Bellville)Tel: 021 872 0768
(Paarl)Tel: 022 715 4300
(Vredenburg)
www.blue.co.za
Old Mutual Masisizane Fund Minimum of R13 000 and a maximum of R5 million for women-, youth- or disabled-owned start-ups and existing businesses. Tel: 021 509 5074 /7974 www.oldmutual.co.za
Micro Agriculture Finance Scheme of South Africa CASP Fund – Dependent on needs analysis.Funding for small-scale emerging farmers. Tel: 012 319 7263 /6825 Mafisa PDF Brochure
Absa Bank It is advised to consult with the bank directly. Tel: 0860 008 600 www.absa.co.za
Standard Bank It is advised to consult with the bank directly. Tel: 0860 123 000 www.standardbank.co.za
First National Bank It is advised to consult with the bank directly. Tel: 0860 112 244 www.fnb.co.za
Nedbank It is advised to consult with the bank directly. Tel: 021 416 6000 www.nedbank.co.za

 

 

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