Are you an SME start-up, an existing business, franchise or a business switching to Absa from another bank and do you need a business loan? Then let us assist you with an Absa Development Credit Fund loan of between R50 000 and R5 million to help you meet your business needs.

development centres
Enterprise Development Centres

We have enterprise development centres located throughout South Africa waiting to support you. 

Enterprise Development Centre

Access to markets

Our virtual marketplace, the Procurement Portal, connects SMEs, suppliers and corporate buyers.

Procurement Portal

Qualifying criteria
  • Your business is a small or medium enterprise (SME) as defined by the Department of Trade and Industry (DTI) - includes new start-ups, existing businesses, franchises and businesses switching from other banks, subject to Absa credit approval
  • You would not qualify for a business loan under normal banking criteria due to poor credit records (must be justifiable)
  • You are a South African citizen permanently residing in South Africa
  • The business’ major shareholder (more than 66%) is fully involved in the day-to-day operation of the business
  • You have the skills and or expertise relevant to your business and/or the industry or sector
  • You have a well-researched business plan
  • Your business can show profitability through historical financials or a realistic cash flow forecast
  • You operate in an approved industry (ask our consultants about the sectors and industries that do not qualify)
  • You require repeat loans, but only once the initial loan has been repaid in full
  • You need a loan of between R50 000 and R5 million with a maximum loan term of four years and monthly reducible overdrafts
  • We can also assist with financing moveable assets via Absa Commercial Asset Finance
  • You can show evidence of a revenue stream, i.e. letters of intent
  • The business’s main transactional account is held with Absa. No split banking is allowed
How the loan is structured
  • 70% of the loan will be paid to your suppliers - we will structure payment of the loan directly to your suppliers
  • Your interest rate will be linked to the prime lending rate and will be structured according to the lending risk
Excluded from the Absa Development Credit Fund
  • Non-South African citizens
  • Money raising ventures
  • Enrichment
  • All trusts, public companies and Section 21 companies
  • Commercial or residential property finance
How to get it

Complete the application form and bring it to your nearest Absa branch, along with the supporting documentation listed on the last page of the form.

Alternative Funding application form (85kb)

Need more help?

Let one of our consultants assist you.

Contact your relationship executive.

Call Absa Business Banking on:

0860 040 302