Home
Business
Start my business
I need funds
SME Contract Financing

Search

You are browsing banking for:

What do you want to do:

search

Logon to secure service

Personal

Personal
Business
Corporate

Absa Online

Absa Online
Online Share Trading
Wealth and Investment Management
eContract

Business Online Banking
Electronic Mailbox
International Trade Finance
International Cash Management
Receivables Finance
Business Integrator Online
Online Share Trading
Absa Investments
Cash Self Service
Data Security Manager
eContract

Commercial Online Banking
Electronic Mailbox
International Trade Finance
International Cash Management
Receivables Finance
Fleet Management System
Business Integrator Online
Online Share Trading
Absa Investments
Cash Self Service
Data Security Manager

Register

Realise your ambitions with an SME Fund loan

If your SME is 100% black owned and has been awarded a government contract or tender, we can help you with an SME Fund loan of between R50 000 and R3 million to meet your needs.

Enterprise Development Centres

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

Enterprise Development Centres

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 startups and existing businesses; subject to our 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.
How to get it

Download and complete the application form below and take it to your nearest Absa branch, along with supporting documents 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 us on:

Realise your ambitions with an SME Fund loan

Enterprise Development Centres

Access to markets

Qualifying criteria

How to get it

Need more help?

0860 040 302