(Directory) Private Sector Funding

ABSA Offering Business revolving loans (loans without re-application) Working capital solutions (cash flow assistance) Business overdrafts (no loan applications) Term loans (term loans for purchasing assets, eg. equipment) Development credit fund for those without sufficient security or collateral Absa Enterprise Fund (for 100% black entrepreneurs) Debtor financing. Requirements Each offering contains very specific requirements and documents to complete. Collateral and surety are embedded requirements, but have a look at the new Development Credit Fund. Contact Call: 0860 040 302 www.absa.co.za FNB Offering Business loans, overdrafts and credit cards linked to an FNB transacting account Finance is available for start-ups and businesses that have been operating for less than two years (may require collateral or a credit indemnity from SEFA (Small Enterprise Finance Agency). Requirements For a start-up business, company and personal information is required. Businesses that have been banking with FNB for more than 18 months may need to provide very little additional information in order to access credit. Contact Call: 0860 263 362 www.fnb.co.za Nedbank Offering Specific offerings for the SME with a turnover below R7,5 million and growing businesses between R7,5 million and R400 million. A very specific start-up funding option exists for new business loans above R100 000 with free transactional banking for two years as an add on. Requirements All the normal banking and risk profiling requirements with collateral of 80% (property, investment or policy) and a 20% deposit (entrepreneur’s own input). Contact Call: 0860 116 400 www.nedbank.co.za Standard Bank Offering Start-up loans Overdraft Business revolving credit Medium-term and business-term loans Loan debtor finance. Requirements Each product has its own risk profiling requirements, but a start-up loan will specifically require an in-depth assessment that will determine the exact security/collateral needs. Contact Call: +27 (0)11 299 4633 / 0860 109 075 www.standardbank.co.za bizconnect.standardbank.co.za Business Partners Offering Business Partners offers both business loans and business property finance Financing between R500 000 and R25 million in all sectors of the economy, excluding: On-lending activities, Direct farming operations and Underground mining and non-profit organisations. Requirements Gross assets under R100 million and annual turnover below R200 million and/or fewer than 500 employees. Financing is structured via: Equity Shareholders’ loan accounts Revenue sharing Term loans or any combination. Collateral requirements are determined per case. Applications for finance are assessed on the viability of a business, which comprises two important elements, the entrepreneur and the business. Contact Call: 0861 SMEFIN (0861 763 346) Email: enquiries@businesspartners.co.za Visit: www.businesspartners.co.za South African Venture Capitalist & Private Equity Association (SAVCA) Venture Capital is a fast-growing funding phenomenon in South Africa as a form of private equity. VC investors focus on equity-orientated deals and also offer more than just the financial benefit. VCs follow specific formulae and models to assess the potential for growth, their returns and time to exit. Requirements Each VC has a different requirement profile based on their appetite for risk and industry focus. This focus is centred on a solid business case, high growth potential and extremely high returns. In generic terms the following is required, as per SAVCA: A description of your business in simple terms An explanation of your revenue streams and how these will scale A definition and description of your target market What you require funding for A definition of what is the most likely exit strategy for investors. Contact Assess the contact list of registered venture capitalists and private equity firms in South Africa by clicking here Angel Hub Offering Angel investment for high-growth ventures seeking funding of between R1 million and R10 million. Requirements High growth potential businesses Highly scalable Strong and knowledgeable entrepreneurial team No capital-intensive business, asset finance, property or primary agriculture. Contact www.angelhub.co.za info@angelhub.co.za Corculture Offering A new channel for accessing private equity and venture capital and funding for high-growth businesses. There are 30 high net-worth investors and private equity companies within Corculture’s network looking for businesses to invest in Investments will typically range between R1 million and R10 million, although no deal is too big for Corculture’s private funders. Requirements Business owners apply online, submit a business plan and will be assessed for free Businesses that do not meet the minimum listing criteria will still receive valuable feedback from Corculture Chosen business proposals will then be loaded onto the group platform for investors to access. Contact Call: +27 (0)11 575 3600 www.corculture.com

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