Department of Small Business Development - SME Debt Relief Fund
Businesses which are negatively affected, directly or indirectly, due to the Coronavirus pandemic can apply for SME Debt Relief Fund.
- 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 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://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);
- Certi ed 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 Pro le; 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.
If you meet all the requirements above, you can apply online by registering on https://smmesa.gov.za/ and complete a simplified Online Application Form and Upload Supporting Documents.
Source of information: Department of Small Business Development website
