Debt Relief Finance Scheme for SMMEs

This information is for small and medium businesses which are negatively affected, directly or indirectly, due to the Coronavirus pandemic.

Qualifying criteria

  • The business must have been registered with CIPC by at least 28 February 2020;
  • The 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;
  • Must be registered and compliant with SARS and UIF;
  • The Small Enterprise Development Agency (Seda) will assist micro-enterprises to comply and request for assistance must be emailed to;
  • Whereas small and medium enterprises must ensure their own compliance;
  • Registration on the National SMME Database –;
  • Proof that the business is negatively affected by the COVID-19 pandemic;
  • Complete the simplified online application platform;
  • Company Statutory Documents;
  • FICA documents (e.g. Municipal accounts, letter from traditional authority);
  • Certified 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 Profile;
  • 6 months Cash Flow Projections – where applicable;
  • Copy of Lease Agreement or proof of 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, et cetera.

Application process

For more information: /

0860 663 7867 or 0860 ONE STOP