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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Trade Finance

Financing to provide pre- and/or post shipment working capital to promote export of goods or services and importation of mainly capital goods.

Sector identification Enterprises involved in agro-industry, fishing, ICT, manufacturing, mining, services, tourism, transport.
Eligibility
  • Viable businesses with exceptional potential for market growth.
  • Expansion of existing local businesses into export markets.
  • Local importers of mainly capital goods or services that require medium term credit facilities.
  • Namibian citizenship or permanent residence status.
  • Majority Namibian owned business.
  • Promoters with good track record.
Financing options
  • Short term loans.
  • Current minimum of N$ 3 million and maximum of N$ 10 million
Security Determined on a project by project basis.
Repayment period Maximum 1 year (including grace period).
Interest rate
  • Determined on a project by project basis.
  • Interest can be capitalised during the grace period.
Grace period Can be repaid in single bullet payment at end of loan period.

For more information on this Facility, please Contact the DBN

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2010-09-05
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