Are you a 100% black owned business that has been awarded a government contract or tender? We can help you with an Absa SME Fund loan of between R50 000 and R3 million structured to meet your needs.

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
  • You need to be a previously disadvantaged individual and your business must be 100% black owned
  • Your business is a small to medium-sized enterprise (SME) as defined by the Department of Trade and Industry (DTI) - includes new start-ups and existing businesses; subject to Absa credit approval
  • Your SME does not meet the criteria for normal lending and therefore you do not have access to normal banking channels
  • You are a South African citizen permanently residing in South Africa
  • As the loan applicant, you are 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 or business profile
  • Your business can show profitability through historical financials or a realistic cash flow forecast
  • The business’s main transactional account is held with Absa. No split banking is allowed
  • You need a loan of between R50 000 and R3 million with a maximum loan term of five years
  • The economic benefit realised through the finance application resides in the province where your SME resides 
Excluded from the Absa Development Credit Fund
  • Non-South African citizens
  • Money raising ventures
  • Enrichment
  • All trusts, public companies and Section 21 companies
  • Mining and oil exploration
  • Residential and commercial property finance
  • No split banking is allowed 
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