YOUR GUIDE TO APPLYING FOR AN SMME GOVERNMENT GRANT
While all businesses nationwide and globally are still in the overwhelming phase, Corporate Traveller would like to encourage our SMME community to start thinking about the new normal. What will your business look like as we return to work and how can you leverage all the grants at your disposal?
The department of small business development, SEDA and sefa has plans in place to help SMME’s through-out South Africa to survive and continue:
- Business Growth Facility
- SMME Relief Finance and
- Restructuring of sefa funded SMMEs
Here is just a snapshot of what you could potentially qualify and apply for to get your business equipped for the new world of business and minimise your losses:
1. Business Growth Facility
This funding is offered to local manufacturers and suppliers as an opportunity to produce and strengthen their place in the market, which may lead to long term contracts post the COVID 19 pandemic.
Here are some qualifying criteria you may have to meet:
- Company/business must be 100% owned by South African Citizens
- Employees must be 70% South Africans
- Be registered and compliant with SARS
2. SMME Relief Finance
This facility is a soft loan funding that will keep the existing businesses afloat during the COVID 19 pandemic for 6 months from April 2020.
See if you qualify:
- Company/business must be 100% owned by South African Citizens
- Employees must be 70% South Africans
- Be registered and compliant with SARS
3. Payment Moratorium/Holiday
This is a payment holiday given to sefa funded SMMEs for a maximum of six months to reduce your instalment burdens during the COVID 19 period.
Funded SMMEs must submit proof of the negative impact of COVID 19.
COVID Finance Relief Application Form
The most important thing to remember is that we will recover as a nation, take advantage of all the tools and subsidizing available to your SMME and above all, when we return to business, Corporate Traveller’s blended approach of our technology and people’s expertise will help ensure your business is ready to travel again, keep your travellers safe and more importantly leverage travel to stimulate our economy once again.
