Requirements — SME Loans

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IDCE SME Loans

Targeted and suitable to every sector of the economy for purposes of funding any procurement of goods or services required by the business.

Minimum: E10 000

Maximum: E1.5 million

Repayment Period: 3 – 5 years

Interest: Prime + Risk

Security: should be able cover 100% of the total debt

Promoter’s Contribution: a minimum of 20% of the total project total cost

  • Memorandum of association
  • Certificate of incorporation
  • Form J
  • Form C
  • Tax clearance certificate
  • Trading license
  • A business plan, an application letter, references and cash projections.
  • A contract document, a purchase order and letter of intent
  • A shareholder’s resolution to borrow
  • A contractor’s confirmation of contract
  • Company address, bankers (account number and branch), auditors and authorized signatories
  • Copy of lease agreement
  • Identity documents of shareholders and directors
  • Passport sized photos
  • Personal balance sheets of shareholders and directors
  • CV’s of shareholders and directors
  • Contact numbers and addresses of shareholders and directors
  • Bank statement showing proof of 20% contribution
  • Proof of first instalment to be paid in advance
  • Application fee

Download Requirements (PDF, 141kB)  

Download KYC Form (PDF, 280kB)  

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