skip to Main Content

Entrepreneurship Finance product is aimed at providing start-up and expansion capital to new and existing businesses respectively that are owned and managed by black people (instead of : Finance product is aimed at providing start-up and expansion capital to new and early stage businesses that are owned and managed by black people). Funding instruments include term loans, quasi equity and equity finance ( instead of: Funding instruments include term loans, shares and other structures with ordinary share characteristic)

The Entrepreneurship Finance product is aimed at providing startup and expansion capital to new and early-stage businesses that are owned and managed by black people.

The key criteria of this product are:

  • BEE applicants should be actively involved in the day-to-day management of the business
  • Minimum black ownership of 50.1% is a requirement
  • Business and/or industry experience by black entrepreneurs is also considered
  • The NEF reserves the right to oblige applicants to participate in the NEF mentorship programme where there is lack of business and/or Industry experience
  • The business should be able to repay NEF’s investment
  • Funding Instruments include term-loans, shares and other structures with ordinary share characteristics
  • NEF funding is charged at prime linked interest rates
  • Business must have a clear value-add with a sound business case
  • Maximum NEF funding is R10 million
  • The NEF will exit from the investment in 5 to 7 years
Back To Top