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/

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

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 :
https://www.southafricain.com/uploads/pdf2020/14910-SMME.pdf

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.