COVID-19 SA Franchise Warehouse SME Loan Initiative
As part of the R500 billion investment that the South African Government will make to stimulate the economy, R200 billion have been made available as guarantees, via the Reserve Bank, to various banks for assisting small businesses which are in distress as a result of Covid-19.
Certain retail sectors have not been affected as seriously as others by the actual lock down but virtually all businesses are still exposed to the aftermath of job losses and the uncertainty of when turnovers will be restored and how much working capital will be needed to sustain the business during this time.
SA Franchise Warehouse has been facilitating loans in the franchise industry for many years and has the infrastructure and knowledge to facilitate and assist SMEs with the application, approval and pay out for a Covid-19 loan at optimum conditions through their existing commercial bank.
SA Franchise Warehouse has the team and the skill to structure applications in such a way that the optimum loan amount can be applied for within the parameters set by the Reserve Bank.
In order to fast track the process, SA Franchise Warehouse has established a Covid-19 customised mobile friendly on-line application portal, specifically set up for this purpose.
To date SA Franchise Warehouse has a 100% success rate in terms of approvals on submissions we made but we do make our own feasibility assessment on any application we receive before we submit.
In July 2020 the Reserve Bank announced the relaxation of certain criteria attached to loan applications which makes it slightly easier to qualify for larger loan amounts.
Below you will find a set of frequently asked questions and answers on the technicalities relating to the initiative.
We understand that any application for business funding is a challenging prospect at the best of times. As a result of Covid-19, having to take on debt just to stay in the game, is a true test to any entrepreneur's character. SA Franchise Warehouse offers its services to make the process somewhat easier and to make sure your interest is protected as far as possible.
If you are interested in registering an application, please click on the “Register for COVID-19 Loan” button below in case you have not already been registered.
Upon registration you will receive an email with a link to your personalised application portal with instructions on how to proceed with your application.
FAQs
Complete the form if you would like more information