The key criteria of this product are:

• Repayment terms must match the contract term
  
  
• NEF funding is generally limited to R10 million
  
  
• There must be active participation by black individuals in the operations of the business
  
  
• Minimum black ownership of 50.1% is required
  
  
• Industry knowledge by management or there must be clear transfer of skills through relevant partnerships
  
  
• Funding instruments include term-loans, bridging finance, asset finance, revolving facilities and debt finance
  
  
• NEF will fund asset acquisition risking capital and operational expenses
  
  
• NEF funding is charged at prime linked interest rates
  
  
• The NEF reserves the right to oblige applicant to participate in the NEF mentorship programme