Programme: Free State Development Corporation (FDC) Construction Related 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 amount may not exceed R5 million per project, and is limited to a threshold of 50% of the contract amount.
 

Target Market

SMMEs in the construction sector
 

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 Office33 Kellner Street
Bloemfontein
Telephone: 051 4000 800
 Email: lesley@fdc.co.za