What are the general eligibility criteria for accessing small business funding?
Qualifying criteria often include being a registered South African company with the CIPC, operating for at least six months to a year, maintaining an active business bank account, and demonstrating an average monthly turnover, often around R40,000 or an annual revenue of R500,000. For government-backed schemes, priority may be given to businesses owned by previously disadvantaged individuals, women, or young entrepreneurs. Specific funders may also have industry-specific criteria.