Programme: Free State Development Corporation (FDC) Bridging Finance
 
Organisation: Free State Development Corporation
 

Type of Support

• Funding

 

Programme Description

Funds in the form of loans are available to bridge the cash flow needs of SMMEs that have to meet specific contracts or orders. The loan is limited to 80% of the contract amount or R1 million, whichever is lesser. The repayment terms will be linked to the project cycle.
 

Target Market

SMMEs in the service, manufacturing and retail services.
 

Application Process

Applicants must provide a detailed business plan.
For existing businesses, audited financial statements for a period of 3 years and 6 months bank statements.
Also to be submitted is a personal statement of assets and liabilities of the members or directors.
A recent valuation of assets- fixed and movable is required.
 

Success Stories

<Success stories to be requested from Free State Development Corporation>

Contact Details

FDC Head Office​
33 Kellner Street
Bloemfontein
Telephone: 051 4000 800
 Email: [email protected]