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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. |
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Financing Facilities Public Sector Facility Local Authority Finance
Financing Facilities Public Sector Facility Local Authority Finance
Local Authority Finance
Financing for infrastructure projects like servicing of land; installation of water, electricity, waste management, and roads; undertaken by Local Authorities as part of their programmes to upgrade and expand basic services to communities.
| Sector identification |
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| Eligibility | Minimum credit rating achieved as determined by DBN's credit rating model that evaluates a Municipality or Council, taking into account its financial standing, management capabilities, governance practices and current debt position. |
| Financing options |
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| Security | Determined on a project by project basis, taking into account the credit rating score and risks identified. |
| Repayment period | Maximum 20 years (including grace period). |
| Interest rate | Interest rates are determined on a project by project basis taking into account cost of capital to DBN, the Municipality or Council's credit rating scores and risks identified; against which an interest rate is awarded based on the quality of securities offered. Interest can be capitalised during the grace period. |
| Grace period | Tailored to the construction and ramp up of the project. |
