The Financial Support Institute is here to help!
SME businesses that are negatively impacted, directly or indirectly, due to the COVID-19 pandemic can make use of our professional staff to acquire debt relief in the form of a business loan.
The Debt Relief Finance Scheme, administered by the Department of Small Businesses has a fund of R200 million that is being used to assist SME businesses to make monthly payments and stay afloat.
To qualify, your business must be:
- Registered with CIPC
- 100% South African owned
- Employ 70% SA citizens
- Registered with SARS and be UIF compliant.
If you comply with the above, you qualify to apply for a loan at prime, minus 5% which can be used to pay overhead expenses and decrease the effect of the COVID-19 pandemic on your business. Stay safe and let us get through this difficult time together.