Many small business startup always have to face the challenge of getting the capital to start and/or expand their endeavours.
We have pulled up a list on how you can get Government Loans In South Africa.
Getting Loans from the government is a cost-effective means to get the funds you need but there is always a lot of paperwork, strict selection criteria, and a very long wait.
The loans come through the Department of Trade and Industry (DTI) and its associated organisations like the Small Enterprise Development Agency (SEDA).
The loans you receive from the government are still required to repay the loan in the same way they would if receiving finance from a bank. The difference is that interest rates are much lower and repayment terms longer or more flexible.
Here Are list of places you can get your loans for your business.
1: Isivande Women’s Fund is an exclusive women’s fund established by the DTI to accelerate women’s economic empowerment through affordable, usable and responsible finance. Visit their website for more information.
2: Khula is the government’s agency for small business finance. It operates across both public and private sectors and is dedicated to providing much-needed funding to businesses. It serves as indemnity to financial institutes providing loans to businesses without assets to put up as collateral. Visit their site for more information.
3: National Youth Development Agency (NYDA) offers mentorship, development programmes, grants and facilitates funding for youth businesses in South Africa. Visit their site for more information.