 |
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. |
Home 
Financing Facilities SME Facility SME Bridging Finance
Financing Facilities SME Facility SME Bridging Finance
SME Bridging Finance
Working capital for enterprises awarded tenders or contracts by well-established institutions to supply goods and services. This facility helps emerging entrepreneurs meet short-term cash flow demands and excludes financing for capital items.
| Loan amounts | Minimum N$ 150,000 |
| Maximum | N$ 3 million |
| Interest rate | Determined on a project by project basis |
| Repayment period | Maximum 18 months. |
| Grace period | Tailored to match the specific tender or contract period as agreed between the institution awarding the tender, 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 |
|
