The i Mbewu Fund also has subdivisions in entrepreneur finance, franchise finance, and procurement finance.
The Fund gives contributions in the form of quasi-equity, debt counseling, and equity finance products.
There are various types of SEFA funds which range from the term loans, the bridging loans, and structured finance. For one to acquire the SEFA loans, one must submit a completed SEFA application form, a comprehensive business plan, and other documentation that meets the SEFA online application requirements.
SEDA refers to the Small Enterprise Development Agency, an agency under the Department of Small Business Development.
Despite some people being knowledgeable with the NEF funding, only a few know the requirements to acquire these funds.
To begin with, one must write a complete application form and a thorough proposal that is accompanied by substantial evidence supporting the commercial viability and the financial status and performance of your business.
Over the next three years after its formation, SEFA was given R1.4-billion of funds by the South African Government and IDC to support small businesses in South Africa.
SEFA offers entrepreneurs finances to start and grow their businesses.
Similarly, if you have qualifies for the funds, you will only know after three or four months to receive the funding since a lot of time is taken in verifying the financial details and determining the credibility of the business.
SEFA refers to the Small Enterprise Finance Agency, which was founded in 2012.