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 debtrelief@seda.org.za;
- Whereas small and medium enterprises must ensure their own compliance;
- Registration on the National SMME Database – https://smmesa.gov.za;
- 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
- Register on https://smmesa.gov.za/
- Complete online Application Form
- Upload Required Supporting Documents
For more information:
info@dsbd.gov.za / info@mybindu.org.za
0860 663 7867 or 0860 ONE STOP