1. Home
  2. »
  3. Facilities
  4. »
  5. smmesa.gov.za SMME Debt Relief Finance Scheme...
All posts from

smmesa.gov.za SMME Debt Relief Finance Scheme : Small Business Development

Organization : Department of Small Business Development
Scheme Name : Debt Relief Finance Scheme
Applicable For : South African Citizens
Website : https://smmesa.gov.za/

Sponsored Links:
Want to comment on this post?
Go to bottom of this page.

SMME Debt Relief Finance Scheme

Businesses which are negatively affected, directly or indirectly, due to the Corona virus pandemic.

Related / Similar Service : SACPCMP Online Registration

Sponsored Links:

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;

How to Apply?

Just follow the below steps to apply for Debt Relief Finance Scheme.

Steps :
Step 1 : Visit the official website of South Africa Small Business Development through provided above.
Step 2 : Next, click on “SMME Debt Relief Scheme Form” link in the home page.

Step 3 : Download the “Application Form” from the official website or you can directly download it from below mentioned link.

Download Application Form :

Step 4 : Complete the application form with the required details and send it to smmerelief [AT] sefa.org.za.

Important to note:
1. You may only apply for one intervention
2. Funding will be dependent on the level of financial distress calculated on the average of the last 3 months.

Documents Required

** Company Statutory Documents;
i. CIPC,
ii. SARS,
iii. CSD optional

** FICA documents (e.g. Municipal accounts, letter from traditional authority)
** ID Copies of Directors
** 3 months Bank Statements

** Latest Annual Financial Statements or Latest Management Accounts (Statement of Financial Performance and Statement of Financial Position) – where applicable

** Business Profile
** Project Execution Plan (applicable for Business Growth)
** Municipal trade permit (applicable to the spaza shops)

** 6 months Cash Flow Projections – where applicable
** Copy of Lease Agreement or Proof ownership (applicable for Debt Relief Finance)

** Relevant Industry Certification – where applicable
** Copy of Contract or Order
** Facility Statements of Other Funders – where applicable
** Estimations for applied funding

Terms & Conditions

** 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://www.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.

Leave a Reply

How to add comment : 1) Type your comment below. 2) Type your name. 3) Post comment.

South Africa Jobs, Scholarship, Contest, Admit Card, Exam © 2021

Contact Us   Privacy Policy   SiteMap