Where can you access funds?
If your business meets the criteria, you can get financial backing
BetweenJune2015andMay2016, the department of small business development trained 1 037 informal traders, established 29 satellite offices and five centres of businessexcellence.
As long as your business or co-operative meets the criteria, you can access funding or grants through the department or one of its agencies. Bear in mind however, that public sector funding involves a thorough and careful process.
Loans from SEFA can range from as little as R500 up to R3m, with the loans paid directly to owners. This direct payment is important in a business sector that is often not part of traditional banking system.