By now, we’re sure you’ve heard about the opportunity Cyril Ramaphosa announced regarding the R500 Billion Economic Support Package to help battle the impact of the Corona Virus.
The main point to focus on with this support package is:
The R200 Billion Loan Guarantee Scheme, which will assist enterprises with additional costs, such as salaries and paying suppliers. In the initial phase, companies with turnover under R300 Million a year will qualify to participate in this scheme and it will be run in partnership with major banks. The Financial Support Institute could assist businesses in receiving a portion of this R200 Billion by way of asset and working capital finance.
HOW DOES IT WORK?
First purchase a support package from The Financial Support Institute
- Each package contains all documentation you will need to submit included in this support package
- As well as a mandate giving us your express permission to fill in documentation on your behalf. Should you choose to send us the signed mandate we will then send you a list of documentation we require so that we may fill in said forms on your behalf
- It is important to note that we cannot submit these forms on your behalf. You, as the owner of your business, need to submit the forms yourself
Once you are registered with The Financial Support Institute and have received your support package:
- You will have full access to our expertise. We will assist with any and all inquiries you may have concerning your business and its future
This R500 Billion support package is not going to last long. There are 5.6 million SMMEs alone. The time to act is now.