SEFA gives entrepreneurs up to 60 months to repay start-up capital loans. SEFA offers Asset Finance solutions tailored for your business’ needs. We help you to finance a wide range of new and/or used moveable assets.
SEFA considers all applications for finance, however, the enterprise must have a business plan. SEFA can assist with drawing up the plan through the other support it offers.
To be considered for finance, you must:
- You need to be a South African citizen or a permanent resident
- Have a registered entity, including sole traders with a fixed physical address
- Fall within the required legal contractual capacity
- Be domiciled in South Africa
- Be compliant with generally accepted corporate governance practices appropriate to the client’s legal status
- Have a written proposal or business plan that meets sefa’s loan application criteria
- Demonstrate the character and ability to repay the loan
- Have provided personal and/or credit references — if available
- Be the majority shareholder and the owner-manager of the business
- Provide relevant securities/collateral
- Have a valid Tax Clearance Certificate