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

admin November 16, 2022

2 minutes read

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: