COVID-19 Funding Available for Small Businesses

SMME Debt Relief Scheme

Description of relief/funding offered​

Fund is administered by the Department of Small Business aimed at 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 (up to 10 employees to comply and request for assistance must be emailed todebtrelief@seda.org.za;

Application Process 

 

Supporting Documentation Required

  • Proof that the business is negatively affected by COVID-19 pandemic;

  • 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 3 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.

Contact Details and Links

SMME Business Growth and Resilience Fund

Description of relief/funding offered​

Fund is administered by the Department of Small Business aimed at 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;

Application Process 

 

Supporting Documentation Required

  • 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 Certication – where applicable;

  • Estimations for funding requested.

Contact Details and Links

SMME Business Growth and Resilience Fund

Description of relief/funding offered​

Fund is administered by the Department of Small Business aimed at 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;

Application Process 

 

Supporting Documentation Required

  • 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 Certication – where applicable;

  • Estimations for funding requested.

Contact Details and Links

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We are a home based office in Cape Town.

We are happy to meet with you by appointment.

Call

T: 074-200-1703

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Mzansi Business Services