SMME Debt Relief Scheme​

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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. 

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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;

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Application Process 

• Registration on the National SMME Database – https://smmesa.gov.za

• Complete online Application Form – https://smmesa.gov.za

• Upload Required Supporting Documents

 

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.

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Contact Details and Links

• Hotline: 0860 663 7867

• Emails: info@dsbd.gov.za/ info@mybindu.org.za

• Website: https://smmesa.gov.za