Debt Relief Finance Scheme and Business Growth/Resilience Facility from the Department of Small Business Development

DEBT RELIEF FINANCE SCHEME

BENEFITTING SMMES
Businesses which are negatively affected, directly or indirectly, due to the Coronavirus pandemic;

QUALIFYING CRITERIA

–  The business must have been registered with CIPC by at least 28 February 2020;
– Company must be 100% owned by South African Citizens;
– Employees must be 70% South Africans;
– Priority will be given to businesses owned by Women, Youth and People with Disabilities;
– Be registered and compliant with SARS and UIF;
– Seda will assist micro-enterprises to comply and request for assistance must be emailed to debtrelief@seda.org.za;
– Whereas small and medium enterprises must ensure own compliance;
– Registration on the National SMME Database – https://smmesa.gov.za
– Proof that the business is negatively affected by COVID-19 pandemic;
– Complete the simplified online application platform;
– Company Statutory Documents;
– FICA documents (e.g. Municipal accounts, letter from traditional authority);
– Certified ID Copies of Directors;
– 3 months Bank Statements;
– Latest Annual Financial Statements or Latest Management Accounts not older than three months from date of application – where applicable;
– Business Profile;
– 6 months Cash Flow Projections – where applicable;
– Copy of Lease Agreement or Proof ownership if applying for rental relief;
– If applying for payroll relief, details of employees – as registered with UIF and including banking details – will be required as payroll payments will be made directly to employees;
– SMME employers who are not compliant with UIF must register before applying for relief;
– Facility Statements of Other Funders;
– Detail breakdown on application of funds including salaries, rent etc.

APPLICATION PROCESS
– Register on https://smmesa.gov.za/
– Complete online Application Form (to be released on Thursday, 02 April 2020);
– Upload Required Supporting Documents

Business Growth/Resilience Facility

BENEFITTING SMMES
Businesses geared to take advantage of supply opportunities resulting from the Coronavirus pandemic or shortage of goods in the local market.

QUALIFYING CRITERIA

– The business must have been registered with CIPC by at least 28 February 2020;
– Company must be 100% owned by South African Citizens;
– Employees must be 70% South Africans;
– Priority will be given to businesses owned by Women, Youth and People with Disabilities;
– Be registered and compliant with SARS and UIF;
– For non-compliant Micro businesses, Seda will assist them to comply and request for assistance must be sent to: growthfund@seda.org.za;
– Registration on the National SMME Database: https://smmesa.gov.za/
– Complete the simplied online application form available from www.dsbd.gov.za; www.sefa.org.za: https://seda.org.za
– CIPC Registration Documents;
– FICA documents (e.g. Municipal accounts, letter from traditional authority);
– ID Copies of Directors/members;
– 3 months Bank Statements;
– Latest Annual Financial Statements or Management Accounts not older than three months from date of application;
– Business Profile;
– 6 months Cash Flow Projections – where applicable;
– Relevant Industry Certification – where applicable;
– Estimations for funding requested.

APPLICATION PROCESS

–  Register on https://smmesa.gov.za/
– Complete online Application Form (to be released on Thursday, 02 April 2020);
– Upload Required Supporting Documents