These are the main government departments, public entities and public-private partnerships that help small businesses get access to finance:
SEDA is the Department of Trade and Industry's agency for supporting small business in South Africa. Its website has a comprehensive section on Financing Your Business, with relevant advice and links to all the national and provincial institutions providing finance.
The DTI itself administers several schemes and cash grants to help entrepreneurs, including: Full details of these and several other national incentive schemes are available on the DTI website.
The IDC offers a range of financial products: - Commercial Loans
- Equity
- Quasi-Equity
- Bridging Finance
- Shareware housing
- Guarantees
- Suspensive sales
- Wholesale Finance
- Export Finance
- Import Finance
- Support Programme for Industrial Innovation
Detailed information on each of these products, application forms, procedures and guidelines are available on the IDC website. Alternatively, you can contact the Western Cape Office: Office 2817, 28th Floor, ABSA Centre, Cnr Adderley & Riebeeck Streets, Cape Town
PO Box 6905, Roggebaai, 8012
Tel: 021 421 4794/5/6
Fax: 021 419 3570
capetown@idc.co.za
Khula was established in 1996 to facilitate access to finance for SMMEs. It is a wholesale finance instutition, which means it provides support through third party institutions including commercial banks, retail financial intermediaries (RFIs) and micro credit outlets (MCOs). Through its Thuso Mentorship Programme, Khula also provides mentorship services to guide and counsel entrepreneurs in various aspects of managing their businesses.
For more information visit the Khula website or contact them at: Bradenham Hall, Mellis Park, 7 Mellis Road, Rivonia Ext 20
PO Box 4197, Rivonia, 2128
Tel: 011 807 8464
Fax: 011 807 9023
Toll free help line: 0800 11 8815
helpline@khula.org.za
CASIDRAis an organisation that promotes rural development in the Western Cape. It manages the Ikapa Absa Entrepreneurial programme, co-funded by the Provincial Government of the Western Cape andAbsa. They offer business loans for rural development ranging from R10000 to R160 000. These loans are repayable over 3 years at a fixedinterest rate of 10%. Applicants must submit a viable business plan. A list of requirements and application forms are available at Red Door Centres and CASIDRA Offices. The CASIDRA offices are based in Paarl: 22 Louws Avenue
Southern Paarl
7624
For more information contact:
021 863 5000
www.casidra.co.za/
info@casidra.co.za |
