Business Growth & Resilience Facility

Financial support for SMMEs who locally manufacture or supply hygiene and medical products that are in demand in order to curb and manage the spread of the COVID-19 virus e.g. sanitizers, detergents and tissue paper.

QUALIFICATION CRITERIA

Businesses that:

  • Have been registered with CIPC since at least 28 February 2020
  • Are 100% owned by South African citizens
  • Have at least 70% South African employees
  • Are registered and compliant with SARS and UIF. (Note that for non-compliant micro businesses, Seda will assist with compliance. Send an email to growthfund@seda.org.za to request assistance in this regard.)

Businesses must be compliant before making an application.
Priority will be given to businesses owned by women, youth and people with disabilities.

HOW DO I REGISTER / APPLY?

If not already registered, register on the national SMME database.

Note that this is a common application form for both the business growth and resilience facility and the SMME debt relief scheme, and you will need to indicate which you are applying for.

SUPPORTING DOCUMENTATION REQUIRED

Be ready to answer the following questions:

 

  • What finance you are applying for (stock, bridging finance, purchasing order, business equipment)
  • Existing credit information
  • Who you get your inputs (raw materials) from

 

You will need to sign a declaration of consent.

 

Have ready for upload:

 

 

  • Company statutory documents (CIPC registration documents)
  • FICA documents (e.g. municipal accounts)
  • Certified copies of the directors / members IDs

  • Three months’ bank statements
  • Latest annual financial statements/management accounts not older than three months from date of application
  • A business profile
  • Estimations for funding requested
  • Six months cash flow projections (where applicable)
  • Relevant industry certification (where applicable)
  • Application form ( hard copy version )

 

WHERE CAN I
FIND SUPPORT?

Phone 0860 663 7867 or 0860 ONE STOP or email info@dsbd.gov.za