Small Business Funding South Africa

Funding for A Small Business in South Africa

A lot of us want our own thing, your very own business; challenge is how to start and funding. Especially students who struggle to find employment after graduating or most skilled people in South Africa who need to use what they have to start a business that will bridge the finance gap.

Below is a few places you can start to look for finance. But before you ask for funding, have a Business Plan done; there a templates for that also.


Established in 2012, the Small Enterprise Finance Agency (SEFA) helps start-ups and small businesses. They will either fund grants or loans or help entrepreneurs access funding from other sources. SEFA services are designed to help micro, small and medium-sized business enterprises. Co-operatives and survivalist enterprises that need help to grow are especially encouraged to seek assistance.

Loans from SEFA can range from as little as R500 up to R3 million, with the loans paid directly to owners. This direct payment is important in a business sector that is often not part of the traditional banking system.

Micro, small and medium enterprises and co-operatives with a viable business plan can apply for a loan. SEFA staff will evaluate the application to determine the viability of the loan, and at what rate it can be repaid without damaging the company.


Call centre: 086 000 7332



If you are directly involved in your business and need funding between R250 000 and R75 million, the National Empowerment Fund (NEF) may be able to help. It is mandated to offer financial and non-financial assistance to black-owned businesses.

Funding decisions are guided by the Industrial Policy Action Plan across a variety of sectors. Start-ups can qualify for funding up to R10 million. The NEF also offers assistance for rural and community development, franchise finance and new industry development.


Call centre: 0861 843 633

Website: /


The Small Enterprise Development Agency – an initiative of the Department of Trade and Industry – is available to give guidelines and training to entrepreneurs and assist with the processes needed to access funds, such as the drawing up of business plans.


Call centre: 0860 103 703



How to access services

Eligibility for assistance is based on:

  • A completed application form and business plan by owner or manager
  • Ability to repay loan
  • Business must be registered
  • The business must operate in South Africa
  • Assessment of application will be done at a regional office closest to the business.

After due diligence is done, a committee decides on approval.

Upon approval, before funds are transferred, applicants will be required to sign a contract acknowledging debt.

Download Business Plan Template:

More helpful info:


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