“Please note that Window 1 of the SMME Debt Relief Financing Scheme has been closed.”
Click here to view/download Media Release


This facility is aimed at assisting SMMEs who are experiencing reduction in demand and subsequent reduction in revenues due to the Covid 19 pandemic. This Scheme seeks to ensure that SMMEs do not close down completely and that they are supported with working capital to ensure that jobs are retained in the economy.

Funding Terms:
  • The facility will offer working capital only – strictly direct costs which should be auditable
  • Maximum R500k per SMME will be considered depending on requirements
  • The term of the funding will be determined by the business cash flow with a maximum of 6 months maratorium
  • Loan facilities will be at an interest rate of Prime less 5%
  • In case of misuse of Funds the business or individual responsible will be liable for repayment at Prime plus 10%
Qualifying Criteria:
  • Businesses which are negatively affected due to the Coronavirus pandemic
  • 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
  • Be UIF compliant
  • Be registered on the National SMME Database – www.smmesa.gov.za
  • .
Click here to view/download Application Form