Products

• 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

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