Small Enterprise Finance Agency

SEFA Small Enterprises Finance Agency works to provide financial products and services to SMME’s and co-operatives.

SEFA is an agency that is a wholly-owned subsidiary of the Industrial Development Corporation.

They lend directly to different sectors such as

• Services- which include retail & wholesale trades and tourism
• Manufacturing- which also includes agro-processing
• Agriculture-focusing more on land reform beneficiaries and contract farming

What They do

SEFA's main function is to contribute to poverty alleviation and create jobs by supporting SMMEs and co-operatives. They want to provide small businesses throughout South Africa with simple access to finance in a sustainable and efficient manner by offering small business loans. They want to do this by delivering wholesale and direct lending credit facilities and products. Helping SMMEs and co-operatives get much-needed credit guarantees. Finding support for the smaller businesses from the bigger and more established companies.

SEFA partners with many different groups in order to grow sustainable development strategies.

This enables the agency to provide the needed business loans and business support to many businesses in different sectors.

Asset finance

SEFA gives asset loan solutions that are specifically suited to your business needs. They will help you finance a wide range of new or used moveable assets. What are the benefits of asset loans-you can acquire or lease equipment without touching your bank balance. Repayment terms- the maximum loan term is up to 60 months or for the economic life of the asset- whichever one comes first.

Bridging loan

It's a short-term loan that SEFA offers to an enterprise to finance its working capital like stock or operating overheads. Bridging loans benefits-the benefit is that the loan allows you to meet short-term loan needs by providing instant cash flow. Repayment options - you have 12 months to repay your loan.