Business Partners- Manufacturing Fund

Listing Information

Posted By: Business Partners
Posted: November 19, 2016
Last Updated: November 19, 2016
Views: 833

Category: Funders » SME financiers
Tags: #funding #SMEfunding #manufacturing
Description: The Business Partners Manufacturing Fund aims to deliver finance in a commercially sustainable manner, to SMEs in the manufacturing sector, which must continue to be supported for the country’s long-term growth and economic well-being.

Profile Information

Type of entity Alternative funder
Type of product or service SME financiers
Non-financial support Yes
Value-added services Education & Training, Mentorship
Ownership preferences None
Industry preferences Agriculture, Fishing & Plantation , Automotive & Transport (Industrial, Commercial, Logistics, Private), Fashion & Textiles, ICT (Information and Communications Technology)
Provincial focus All
Start ups Yes
Minimum funding requirement R500,000.00
Maximum funding requirement R250,000,000.00
Website http://www.businesspartners.co.za/

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About the Manufacturing Fund

The South African manufacturing sector contributed 15.2% to South Africa’s GDP in 2013, making it the third-largest contributor to the nation’s economy.

The Business Partners Manufacturing Fund aims to deliver finance in a commercially sustainable manner, to Small and medium-sized enterprises (SMEs) in the manufacturing sector, which must continue to be supported for the country’s long-term growth and economic well-being.

Who qualifies for this fund?

Finance is offered to manufacturers in the following sectors:

Agro-processing
Engineering
Textiles and Clothing production
Information and Communications Technology (ICT) and Electronics
Automotive and chemical
Green industries
New innovation and technologies
Other manufacturing businesses

Projects that are financed under the fund should not reduce their base-year employment levels at the application date and these employment levels should at least be maintained for the duration of the agreement.

Manufacturing Fund criteria

Size of the Fund	R 300 million
Geographical Spread	South Africa (Nationally), Namibia, Kenya, Rwanda
Financing Period	5 years
Minimum and Maximum	R500 000 – R25 000 000 million per investment
Own contribution requirements	The gearing and other factors that affect the viability of a transaction will be taken into consideration
Entrepreneur – Relevant experience	2 years’ experience in the relevant industry
Own contribution	No minimum, but sound gearing is important
Pricing	Quasi-equity and debt InstrumentsSelf-liquidating, partially secured instruments with target rates of return based on the perceived risk.
Viability	Assessment of financial, business and environmental risk
Application documents	Business plan, including financial forecasts
Businesses that qualify for the fund	Commercially viable projects that are sustainable and profitable within the manufacturing arena
Exclusions	All projects that are not profitable, viable and sustainable
Purpose of the funding	Facilitate economic growth Create jobs Facilitate the growth and expansion of entrepreneurs Create wealth for entrepreneurs

Source: http://www.businesspartners.co.za/

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