This Fund supports existing black-empowered businesses by providing funds of between R5m to R75m. The funds can be used to expand the operations of the business. The funding can be in a form of a loan or an equity investment and the typical duration is four to seven years.
Eligibility criteria
Application process
The NEF website has an outline on how to apply for funding.
Please ensure that you download the Application Form as well as the personal statement of assets and liabilities form. The link can be found on the left-hand side of the How to Apply page.
The application form contains details of what they expect to see in your business plan. Once you have all the documents prepared, you can submit your application at the nearest NEF office.
| Funding limits |
Minimum:
R5 000 000,00
Maximum:
R75 000 000,00
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| Your annual turnover |
Minimum:
Information not provided
Maximum:
Information not provided
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| Months in business |
Minimum:
36
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Bank Statements for Business Account (Last 6 months) electronically stamped and on bank letterhead.
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Certified ID Copy of Owners and Directors
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Business Registration Documents (CIPC), e.g., Cor14.3 or CK documents
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Statement of Assets and Liabilities (For all owners)
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Cashflow Projections (Income and expense budget for 12 months)
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Proof of Business Address (Lease agreement, title deed, or permit)
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Business Plan e.g., PDF of the final business plan
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Tax Clearance Certificate/Tax PIN On official SARS letterhead
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Management Accounts (Income statement, Balance sheet)
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Annual Financial Statements(Signed by Accountant)
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| Website | Go to funder website | Funder Email | |
| Phone | 086 184 3633 | FSP Number | 55436 |
| Address |
West Block 187 Rivonia Road Melrose North Johannesburg 2076 Gauteng |
NCR Number | NCRCP 21442 |