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What form of business is best?One of the most important things you need to do is to decide what form of business your SME will be? There are many forms of businesss: from sole proprietorships, to partnerships, to CCs, to PTY LTDs. The most likely form for your small business will either be sole proprietorship or a close corporation. |
Financing Facilities SME Facility Medium Term Finance
SME Medium Term Finance
The product is being offered in partnership with Bank Windhoek and First National Bank of Namibia. Application forms are available from any of these two commercial banks' branches nationwide.
| Loan amounts | Minimum N$ 250,000 Maximum N$ 3 million |
| Interest rate | Determined on a project by project basis |
| Repayment period | Maximum five years |
| Grace period | Tailored to match the specific project as agreed between the Bank and the client. |
| Security | Clients should provide acceptable security to the money borrowed. All assets financed by SDF are automatically used as security. In the absence of fixed assets, clients are required to pledge other property or appropriate alternative collateral. |
| Application process |
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Additional support to SMEs
Support to SME clients includes training, mentoring, monitoring and evaluation. This entails training in basic business and financial management, and support through mentorship programmes. Clients contribute two percent of the total training cost.
