SMME COVID-19 RELIEF FUNDS APPLICATION

This is the time where the whole world in war to fight against the pandemic covid-19 or corona virus. South Africa government and relevant stakeholders has developed covid-19 small business relief funds.

All small business or SMME’s affected by the pandemic are encouraged to apply for the relief funds, which will help the business to stand and be able to cover the expenses such as rent and employees payments.

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;
  • For non-compliant Micro businesses, Seda will assist them to comply and request for
  • assistance must be sent to: growthfund@seda.org.za;
  • Registration on the National SMME Database: https://smmesa.gov.za/
  • Complete the online application form available from www.dsbd.gov.za; or www.sefa.org.za: or https://seda.org.za
  • CIPC Registration Documents;
  • FICA documents (e.g. Municipal accounts, letter from traditional authority);
  • ID Copies of Directors/members;
  • 3 months Bank Statements;
  • Latest Annual Financial Statements or Management Accounts not older than three
  • months from date of application;
  • Business Profile;
  • 6 months Cash Flow Projections – where applicable;
  • Relevant Industry Certification – where applicable;
  • Estimations for funding requested.

APPLICATION PROCESS


Register on https://smmesa.gov.za/
Complete online Application Form (to be released on Thursday, 02 April 2020);
make sure you upload all Required Supporting Documents.

source: dsbd