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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Project Finance

Structured finance on a non and limited recourse basis to private entities setting up new ventures or seeking to expand; in all productive sectors of the economy.

Sector identification Agro-industry, fishing, ICT, manufacturing, mining, services, tourism, transport
Eligibility
  • Viable start-up business
  • Expansion of existing business
  • Promoters with good track record
Financing options
  • Loans
  • Subordinated debt/mezzanine financing.
  • 30% minimum own contribution for start-up projects and up to 100% debt finance for expansions, so long as a company's debt : equity ratio is less than 60 : 40 after financing, otherwise DBN may require sponsor contributions.
  • Current minimum of N$ 3 million.
Security
  • Determined on a project by project basis taking into account risks involved and credit rating score assigned.
Repayment period Maximum 15 years (including grace period).
Interest rate
  • Determined on a project by project basis.
  • Interest can be capitalised during the grace period.
Grace period
  • Tailored to the construction and ramp up of the project.

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2010-09-05
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