Understand funding as an SMME
If you would like to know more about funding as an SMME?
The following six chapters cover topics presented by industry partners like SEFA, IDC, and NEF, discussing how to access start-up funding/ grants whilst avoiding hurdles and FAQs for insights and recommendations.
Chapter 1: Funding Institutions
Small Enterprise Finance Agency (SEFA) Presentation by Shawn Charlie (SEFA’s Regional Manager)
Shawn Charlie provides an overview of the Department of Small Business Development’s portfolio, SEFA’s funding channels with the lending focus, eligibility criteria and exclusions for the various channels, a funding template, the Amavulandlela Funding Scheme, and the Township and Rural Entrepreneurship Programme (TREP).
Industrial Development Corporation (IDC) Presentation by Ganief Bardien (IDC Regional Manager)
Ganief Bardien provides insight into the IDC’s investment philosophy, performance Impact figures, the structure of the IDC and its core aim to serve manufacturing industries, information on services offered by the IDC, concessionary development funds managed by the IDC, and the IDC’s credit assessment process.
National Empowerment Fund (NEF) Presentation by Bongumusa Biyela (NEF Regional Manager)
Bongumusa Biyela shares insight into the background of the NEF, the NEF’s 5 specialist funds across the economic spectrum, the NEF’s funding criteria, Non-financial support offered by the NEF, the NEF’s performance milestones as well as other special funds.
Chapter 2: Start-up Funding
This video covers start-up funding vs. expansion funding for SMMEs, the difference between the two, and the challenges related to the two types of funding.
Chapter 3: Grants
This video covers grants and subsidized loans available.
Chapter 4: Hurdles
The funding agencies highlight common hurdles that small businesses should avoid when making funding applications and the importance of avoiding these hurdles.
Chapter 5: FAQ
Insights and recommendations based on FAQs from SMMEs.