The Wealth Room

DEBT RELIEF FINANCE SCHEME BENEFITTING

BENEFITTING SMES

Businesses which are negatively a­ffected, directly or indirectly, due to the Coronavirus pandemic;

QUALIFYING CRITERIA

1. The business must have been registered with CIPC by at least 28 February 2020;
2. Company must be 100% owned by South African Citizens;
3. Employees must be 70% South Africans;
4. Priority will be given to businesses owned by Women, Youth and People with Disabilities;
5. Be registered and compliant with SARS and UIF;
6. Seda will assist micro-enterprises to comply and request for assistance must be emailed to
7. debtrelief@seda.org.za;
8. Whereas small and medium enterprises must ensure own compliance;
9. Registration on the National SMME Database – https://smmesa.gov.za
10. Proof that the business is negatively a­ffected by COVID-19 pandemic;
11. Complete the simplified online application platform;
12. Company Statutory Documents;
13. FICA documents (e.g. Municipal accounts, letter from traditional authority);
14. Certi‑ed ID Copies of Directors;
15. 3 months Bank Statements;
16. Latest Annual Financial Statements or Latest Management Accounts not older than three
17. months from date of application – where applicable;
18. Business Profile;
19. 6 months Cash Flow Projections – where applicable;
20. Copy of Lease Agreement or Proof ownership if applying for rental relief;
21. If applying for payroll relief, details of employees – as registered with UIF and including
22. banking details – will be required as payroll payments will be made directly to employees;
23. SMME employers who are not compliant with UIF must register before applying for relief;
24. Facility Statements of Other Funders;
25. Detail breakdown on application of funds including salaries, rent etc.

APPLICATION PROCESS

Register on https://smmesa.gov.za/

Complete online Application Form (to be released on Thursday, 02 April 2020);

Upload Required Supporting Documents

Email: info@dsbd.gov.za / info@mybindu.org.za

Phone: 0860 663 7867