SMMES - DEBT RELIEF FINANCE SCHEME

BENEFITTING SMMES

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;

  • 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;

  • 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 own compliance;

  • Registration on the National SMME Database – https://smmesa.gov.za

  • Proof that the business is negatively affected by 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 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 etc.

APPLICATION PROCESS

 

  • Register on https://smmesa.gov.za/

  • Complete online Application Form (to be released on Thursday, 02 April 2020);

  • Upload Required Supporting Documents

  • Guidelines for Debt Relief Application

(+27) 12 394 3919

/   (+27) 860 663 7867

Fax: (+27) 861 843 384

Block G – 2nd Floor
77 Meintjies Street Sunnyside
Pretoria
0002

©2019 by Department Small Business Development.