Small Enterprise Finance Agency (sefa) sefas mandate is to foster the establishment, survival and growth of SMMEs and contribute towards poverty alleviation and job creation. The loan facilities that sefa provides to youth-owned Small and Medium sized Enterprises as well as co-operatives operating in the priority sectors listed below range from a minimum of R50 000 to a maximum of R5 million. The agency’s mission is to provide access to finance to Survivalist, Micro, Small and Medium businesses throughout South Africa by: · Delivering wholesale and direct lending; · Providing credit guarantees to Small, Medium and Micro businesses; · Supporting the institutional strengthening of Financial Intermediaries so that they can be effective in assisting SMMEs; · Creating strategic partnerships with a range of institutions for sustainable SMMEs development and support; · Monitoring the effectiveness and impact of our financing, credit guarantee and capacity development activities; · Developing (through partnerships) innovative finance products, tools and channels to catalyse increased market participation in the provision of affordable finance. LENDING CRITERIA · Economic and financial viability (demonstrated or potential); · Businesses operating within the borders of SA; · Only debt financing no equity instruments; · Maximum loan amount of R5 million. HOW TO APPLY FOR FUNDING?: · You can approach sefa’s nearest regional office for the initial basic assessment · The regional office will issue and assess your application form · Due diligence is performed by sefa and your application is submitted to the Committee for a decision · The Committee decision is then communicated to you and in case of approved facilities, you will be entered into a contractual obligation with sefa · Funds are then transferred to your business account and post investment monitoring and/or mentorship support is provided KwaZulu-Natal Durban 21st Floor, Office 2102, Durban Embassy Building, Anton Lembede Street Philisiwe Msomi Tel: 031 368 3485 | Fax:031368 3166 E-mail:[email protected]
Posted on: Fri, 22 Aug 2014 08:08:51 +0000
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