South Africa's Enterprise and Supplier Development Landscape
South Africa's Enterprise and Supplier Development Landscape
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    • The Role of Information in Enabling Entrepreneurship
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    • Diversification as a Rapid Growth and Expansion Strategy
    • Are Early Stage Entrepreneurship Development Programmes Misaligned to South African Reality?
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  • About
    • About Us
    • About this Website
    • Contact
    • Newsletter Subscription
  • Blog
  • Thought Leadership
    • The Role of Information in Enabling Entrepreneurship
    • Starting-up: Creating Assets while Reducing Risks
    • Breaking into an unchallenged field
    • Navigating Corporate Supply Chains
    • Diversification as a Rapid Growth and Expansion Strategy
    • Are Early Stage Entrepreneurship Development Programmes Misaligned to South African Reality?
  • Search ESD Programmes
  • Newsletter Subscription
Programme: Absa Development Credit Fund
 
Organisation: Absa
 

Type of Support
  • Funding.
  

Programme Description

The programme involves loans of between R50 000 and R3 million with loan term of 5 years 
 

Target Market

Small businesses including those that do not qualify for loans due to poor credit records. It should be noted that those businesses that do not qualify for loans due to poor credit records must give justifiable reasons for their condition.
 

Application Process

Applicants must provide a well researched business plan.
Evidence of a revenue stream, that is letters of intent.  
70% of the loan to be paid to suppliers
The main transactional account of the business to be held at Absa.
 

Success Stories

<Success stories to be requested from Absa>
  

Contact Details

More programme information is available on:
http://www.absa.co.za/Absacoza/Small-Business/Financing/Development-Credit-Fund
 
Telephone: 0860 040 302
 
Physical address:

Johannesburg
Corner Jeppe and Henry Nxumalo Street, Newtown, 2000, Johannesburg
Telephone: 011 689 1940
 
Polokwane
70 Hans van Rensburg, Pietersburg Centre, Polokwane
Telephone: 015 290 5500
 
Kimberley
51 Phakamile Mabija Road, Jones Street Mall, Kimberley
Telephone: 053 807 7000
 
Durban
127 Alice Street, Durban
Telephone: 031 309 5330
 
Bloemfontein
1st floor CBD Branch 64 Maitland Street, Bloemfontein
Telephone: 051 407 0000
 
Pietermaritzburg
204 Peter Kerchhoff Street, Pietermaritzburg
Telephone: 033 264 3860
 
Port Elizabeth
1st  Floor Absa Bank 484 Govan Mbeki Avenue, Port Elizabeth
Telephone: 041 502 1111
 
Cape Town
Shop 16 Khayelitsha Mall, Walter Sisulu Drive, Cape Town
Telephone: 021 360 2660
 
Nelspruit
 1st Floor ABSA Square, Nelspruit
Telephone: 013 753 4580
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Our aim is to partner with you in maximising your success through the programmes available to support your business.