🌐 Big funding boost for SME auto parts suppliers in Eastern Cape🚀

👋🏽 Dear Successful Entrepreneur,

The Eastern Cape Development Corporation (ECDC) has launched a R50m blended finance scheme in Gqeberha today, 3 June, for up-and-coming micro, small and medium-sized automotive component suppliers, and aftermarket service providers in the Eastern Cape.

The scheme is offered on a 70% loan and 30% incentive basis to applicants who must be individuals and/or companies that have been in operation for 12 months and who are majority Black-owned.

The minimum disbursement figure for the blended finance scheme is R300k with a maximum of R1m.

If you require support with the business plan and the application process, please get in touch with us and reply to this email. Anne will be able to guide you 🤝.

We can assist you with the whole process, drafting a business plan and funding application. Feel free to contact Anne and reply to this email!

To Your Success

Your Funding Connection Team