Your funder with a soul, FINWEEK (English)
FINWEEK (English),
The NEF has developed finance products ranging for black entrepreneurs who wish to start new businesses, to grow existing ones or to acquire equity in transforming enterprises. On average, the NEF's business loans are repayable over 4 to 7 years, and up to 10 years where marked with an asterisk (*) below:
For pre-approved franchise licenses I R250k — RlOm
For black investors acquiring a stake in R2m — medium to large companies R75m
For growing an existing business I R250k — R75m
Participation in green-field projects I R5m — R75m
Listing on the JSE or its junior Altx R2m — markets R75m
The NEF has Black Facilitator** status, R2m — which can help black shareholders and R75m companies wishing to sell a stake while keeping the shareholding black for agri-processing, tourism, mining and Rim — beneficiation, manufacturing etc R50m
Venture-capital fund investing in Rim — early-stage projects for the purpose of R75m developing strategic industrial capacity in poverty nodes, in renewable energy business process outsourcing, tourism, manufacturing, mining and mineral beneficiation etc.
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