Small Scale Bakeries and Confectionaries Business Support Scheme

Small Scale Bakeries and Confectionaries Business Support Scheme

Name of the fund

Small Scale Bakeries and Confectionaries Business Support Scheme

Fund administered by

Department of Small Business Development

Type of relief/support

Loan funding for working capital

Total size of the fund

Not stipulated

Who does the fund target?

The scheme is aimed at supporting small scale bakeries and confectioneries operating as micro or informal businesses

Sector target

Informal, micro and small enterprises including co-operatives based in townships and villages

Minimum amount you can apply for

Not stipulated

Maximum amount you can apply for

R20 000 working capital for bakeries which is inclusive of revolving credit facility and R10 000 for confectioneries.

FUNDING CRITERIA FOR THE SMALL SCALE BAKERIES AND CONFECTIONARIES BUSINESS SUPPORT SCHEME:

The financial package (loan) through SEFA is structured to cover the cost of equipment (paid directly to the equipment supplier) and working capital.

  • Must register on the National SMME Database https://smmesa.gov.za/
  • Be informal/ micro or co-operative business.
  • Registered as a legal entity (CIPC, and SARS).
  • 100% South African ownership.
  • 70% South African Employees.
  • Valid South African identity documents.
  • Minimum trading period (6 months).
  • Have a valid business bank account (including newly opened).
  • Business with a turnover not more than R500 000 per annum.
  • Operating in a township or village.
  • Enterprise must be owner managed.

HOW TO APPLY FOR THE SMALL SCALE BAKERIES AND CONFECTIONARIES BUSINESS SUPPORT SCHEME: 

  • Register on https://smmesa.gov.za/ 
  • Complete online application form Bakeries and Confectionery Support.
  • Upload the required supporting documents.

ADDITIONAL INFORMATION FOR THE SMALL SCALE BAKERIES AND CONFECTIONARIES BUSINESS SUPPORT SCHEME: 

Additional information may be obtained from any of the official websites:

www.dsbd.gov.za | www.sefa.org.za | www.seda.org.za | www.mybindu.org.za | https://smmesa.gov.za

Donations via direct EFT payments to candidates

Donations via direct EFT payments to candidates

Name: Fingap
Bank: Standard Bank
Account Type: Current Account
Account Number: 371330963
Code: 051001

Click on the following link to be redirected to the Al-Fidaa Foundation website in order to make these payments and requests. Once completed kindly email your proof of payment and the following information to [email protected]

  • Donor name.
  • Donor Nature (Trust/Company/Natural Person etc.)
  • Reg no or ID no.
  • Donor Address
  • Donor Email
  • Donor Contact no.
  • Nature of Donation
  • Date of Donation
  • Donation Amount
  • Tax No
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By making this donation you acknowledge:

  1. Once a donation has been made, all monies are kept in trust by FinGap to ensure the monies are spent as designated.
  2. All donations designated for a specific FundMyGap profile will be allocated accordingly and will be based on the criteria set out in the terms and conditions (FundMyGap Terms, Conditions and Requirements for participation) by FinGap.
  3. Should the FundMyGap applicant to whom a donation was made, not fulfill the Terms and Conditions set out to them, an alternate suitable candidate will be sourced that complies with the set Terms and Conditions, all donated monies will be then be transferred accordingly and you as the Donor will be informed of this change.

Thank You for Your Support!

We are immensely grateful for your consideration to support our candidates on Fund My Gap. Your generous donation will play a pivotal role in aiding our mission and is highly appreciated.

Expressing Our Gratitude

Once again, we extend our heartfelt thanks for your kindness and generosity in assisting our candidates at Fund My Gap. Your contribution is invaluable to us, and we are committed to ensuring it makes a significant impact.

Contact Us

If you have any questions or need further assistance, please feel free to contact us at [email protected]

Section 18A Tax Certificate

Deposits to Fingap that require a Section 18A tax certificate or BEE letter where you will be redirected to the Al-Fidaa Foundation website in order to make these payments and requests.
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How much would you like to contribute to this Gap?

By making this donation you acknowledge:

1. Once a donation has been made, all monies are kept in trust by FinGap to ensure the monies are spent as designated.

2. All donations designated for a specific FundMyGap profile will be allocated accordingly and will be based on the criteria set out in the terms and conditions (FundMyGap Terms, Conditions and Requirements for participation) by FinGap.

3. Should the FundMyGap applicant to whom a donation was made, not fulfill the Terms and Conditions set out to them, an alternate suitable candidate will be sourced that complies with the set Terms and Conditions, all donated monies will be then be transferred accordingly and you as the Donor will be informed of this change.

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