Programme: Absa Development Credit Fund
Organisation: Absa
Type of Support
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
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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