WHAT GEP OFFERS ENTREPRENEURS
GEP offers financial and non-financial support to qualifying SMMEs and Co-operatives across all sectors in Gauteng. We provide customised business solutions that assist entrepreneurs to run their businesses efficiently, which also includes facilitating CIPC registration, providing business advice and commissioning business development support interventions.
Assistance with the development of a business plan, project preparation, due diligence (handholding). We also provide post investment and aftercare services to the supported SMMEs.
APPLYING FOR FINANCIAL SUPPORT
The Gauteng Enterprise Propeller provides a unique and tailored financial support services that propel SMME’s into the mainstream economy, revitalizes township economies and grows the key economic sectors. The repayment term for the contract loans are linked to the duration of the contract and are usually up to 12 months.
The interest rate charged on these loans will be fixed at 8% per annum. All applications for funding are done online using the GEP Online Application System.
Our financial support offerings include:
The Start-up Finance Programme is dedicated to helping SMME’s and co-operatives to secure the finances they need to jump-start their business ventures.
This type of loan caters for entrepreneurs and SMMEs who have secured contracts from government departments, public entities and private sector companies.
This programme assists viable existing businesses looking to expand their operations by securing additional capital.
GEP Franchise Finance Programme assists with funding to acquire a new or existing franchise, as well as the much-needed working capital.
The Micro-finance Loan Programme offers co-operatives, micro, very small and small businesses access to much-needed finance. The programme is specifically geared towards start-ups and existing businesses that demonstrate growth potential and contribute to the broader economic objective of job creation and poverty eradication.
GEP works with qualifying entrepreneurs over a period of time to prepare them for sustainability over the years. The handholding approach intends to create sustainable and productive SMME’s that would add value to the Gross Domestic Product of Gauteng and to a greater extent, South Africa.
GEP offers the following non-financial support services:
- Development of Marketing tools,
- Financial management systems
- Quality management systems
- Business incubation and business advice.
The following are the requirements for application to the GEP but not limited to:
- SA citizenship
- Business must be located in Gauteng
- The entrepreneur must be the owner and operator of the business
- The business should have black majority ownership of at least 51%
All applications must be submitted with the following documents:
- Business plan with five-year projections or management accounts
- Previous three-years financial statement and current management accounts (for existing businesses)
- Purchase/Sales/Lease/ Franchise/ Licensing/ Agency or any other agreements
- Any other information supporting your proposal
- Company Registration Document
- Purchase Order/Contract / Subcontract
- Residential Address – Water and rates to be submitted
- Marriage certificate and divorce decree, if applicable
- Identity document
- Details of members, if applicable
- Additional info may be requested depending on the type of deal