CompetitionsGrants & Funding

INYOSI EMPOWERMENT: STAND A CHANCE TO WIN AN INTEREST-FREE BUSINESS LOAN OF UP TO R5 MILLION

Inyosi Empowerment: Stand a chance to win an interest-free business load of up to R5 Million. R5m Interest Free Loan Competition

DEADLINE: 30 November 2022

Inyosi Empowerment: R5m Interest Free Loan Competition

During the challenging economic environment currently faced by black-owned businesses, let Inyosi become your business’s funding partner and help you grow sustainably.

Inyosi Empowerment hosting a competition which is open to all qualifying black-owned business
owners within South Africa. All finalists and prize winners get to leverage off the game-
changing prizes on offer along with other benefits for your business, which include increased awareness through media coverage, as well as connecting with some of Inyosi’s 500 Enterprise & Supplier Development investors and partners. Terms and Conditions apply.

Documents needed to apply

  • Business Plan detailing business operations, group structure, what the funding
    requirement is and how it will assist business growth & job creation,
  • Signed Annual Financial Statements for the last 3-5 years,
  • Management accounts for period post last financial year end,
  • Financial forecast (Income Statement, Balance Sheet & Cash Flow) for the next 3-5 years, and
  • Detailed outline on what security is available for the loan funding (security
    should be valued more than the loan funding), and
  • FICA documents.

What Inyosi fund

  • Growth Capital
  • Working Capital Financing
  • Commercial vehicle finance
  • Asset Finance

What Inyosi do not fund

  • Inyosi do not fund the acquisitions of the shares in a company by a potential BEE shareholder but we do fund into existing black-owned companies
  • Investments in liquor and tobacco related industries
  • Illicit markets
  • Start ups and companies with less than 3 years operational track record

Minimum Qualifying Criteria

  • At least 51% black-owned,
  • operational track record of at least 36 months,
  • operate within the South African borders,
  • have financial statements and management accounts,
  • annual revenue between R1m and R50m, and
  • no insolvency event has occurred or is likely to occur in the next 12 months.

Prizes to be won

First Prize:

  • Interest free, secured loan funding of up to R5 million
  • Access to Inyosi innovative web-based preferential procurement portal ‘www.ihive.co.za‘ for 36 months.

Second Prize:

  • Access to Inyosi innovative web-based preferential procurement portal ‘www.ihive.co.za‘ for 36 months.
  • Placement of 2 YES interns for your business.

Third Prize:

  • Access to Inyosi innovative web-based preferential procurement portal ‘www.ihive.co.za‘  for 36 months.
  • Placement of 1 YES intern for your business.

Click here to apply for the Inyosi Empowerment: R5m Interest-Free Loan Competition

Click here to apply for the Inyosi Empowerment: R5m Interest-Free Loan Competition

THE END.

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ALSO READ: Affordable, Flexible – What are you waiting for? Kickstart your career with an IU degree

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