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.