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Small Enterprise Manufacturing Support

Small Enterprise Manufacturing Support

  • To provide furniture manufacturers, including coffin makers, with enterprise development support that will include financial and non-financial support

  • To provide manufacturers and suppliers of iron and steel products with business development services and infrastructure support

  • To provide manufacturers of chemical and related products with capacity-building support including skills and facilities

  • To provide agro-processors with business development services, technical skills, and infrastructure

  • To open market access opportunities for manufacturing industry sub-sectors

  • To forge partnerships with relevant role players in the manufacturing industry

Support

Financial support

  • Funding to purchase machinery and equipment for the various manufacturing sub-sectors that will be supported

  • Working capital for the various manufacturing sub-sectors that will be supported

  • Funding for product accreditation, certification and testing

Funding terms

  • Funding of up to a maximum of R15-million per small enterprise, up to 20% of the amount may be provided as a grant were necessary

  • The term of the funding will be determined by the business’s cash flows, a repayment period of up to 84 months per small enterprise, and a capital and interest moratorium period of up to 6 months

  • The loan will be repayable at prime lending rate

Funding criteria

Each application for funding is assessed in terms of the following criteria:

  • Company statutory documents

  • FICA documents

  • Certified copies of ID of directors/members

  • 6 months’ bank statements

  • Latest AFS and/or Management Accounts not older than 3 months from date of application (Statement of Financial Performance and Statement of Financial Position) – where applicable

  • Business profile

  • Project Execution Plan

  • 12 months’ cash flow projections (with clear assumptions) – where applicable

  • Copy of Lease Agreement or proof of ownership

  • Relevant industry certification – where applicable

  • Copy of Contract or Purchase Order

  • Facility statements of other funders – where applicable

  • Quotations for applied funding – where applicable

Qualifying Criteria

Each application will be assessed in terms of the following criteria:

  • Be a registered legal entity in South Africa in terms of the Companies Act, 1973 (as amended

  • Close Corporations Act, 1984 (as amended); and the Cooperatives Act, 2005 (as amended)

  • Be a 100% owned by South African citizens

  • Have been in operation for at least two years

  • Be predominantly black-owned (51%)

  • Have a predominantly black management team (51%)

  • Be registered and compliant with the South African Revenue Service (where applicable)

  • Must be registered on the National SMME Database – https://smmesa.gov.za

How to apply?

Visit https://sefa.finfind.co.za/account/login and follow the steps.

Apply Now

Small Enterprise Manufacturing Support Programme (SEMSP) Brochure (1.221 MB)

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