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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Enterprise Development Finance

Financing earmarked for emerging entrepreneurs within the context of previously disadvantaged groups seeking to start or expand medium sized businesses.

Sector identification
  • Enterprises involved in agro-industry, fishing, ICT, manufacturing, mining, services, tourism, transport.
Eligibility
  • Viable start-up businesses
  • Expansion of existing businesses
  • Management buy-in into existing businesses
  • Management buy-out (take-over) of existing businesses
  • Namibian citizenship or permanent residence status
  • Majority Namibian owned business
  • Promoters with good track record
Financing options
  • Subordinated debt/mezzanine financing
  • 20% own contribution
  • Current minimum of N$ 3 million
Security Determined on a project by project basis.
Repayment period Maximum 5 years (including grace period).
Interest rate
  • Determined on a project by project basis.
  • Interest may 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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