https://www.engineeringnews.co.za
Industrial
Industrial
industrial

IDC offering credit line to NBIs

8th December 2022

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

The Industrial Development Corporation (IDC) is inviting experienced non-bank intermediaries (NBIs) to apply for lines of credit.

It says NBIs that apply must have proven capacity and capability to on-lend to black-owned small and medium-sized enterprises (SMEs) and small businesses.

The objective is to improve access to funding for black-owned SMEs and small businesses with the aim to positively impact job creation; township or rural-based entrepreneurs; township or rural-linked entrepreneurs; and women- and youth-owned businesses, the IDC outlines.

Minimum funding offered by the IDC is R50-million per NBI with an indicative maximum funding of R250-million.

A webinar will be held on December 9 from 10:00 to 12:00 to address any questions, accessible at https://www.idc.co.za/call-for-nbi/.

Applications and all required documents and completed annexures can be sent to nbiapplication@idc.co.za.

The closing date for applications is December 20 at 17:00.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer.
On-The-Air (28/06/2024)
28th June 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.269 1.343s - 191pq - 2rq
Subscribe Now