NWDC's Small Business Development Unit supports small business

Small Business Development Services offered by NWDC

• Holistic small business advice
• Business plan guidance
• Referrals to other support units or institutions
• Assistance with CIPC-related matters thanks to a service level agreement between NWDC and the CIPC
• Bridging Finance

Page through our Small Business brochure:

Bridging Finance

NWDC offers Bridging Finance to SMMEs who have secured an order, contract or tender with a government department, municipality or the private sector. These are referred to as contracting parties.

Conditions of NWDC providing Bridging Finance

• The Contracting party to agree to sign a cession agreement with the NWDC
• A cession agreement ensures the loan is repaid to the NWDC
• SMMEs who have secured sub-contracting services also qualify to apply for bridging finance, provided the primary contractor is included in the cession agreement

Documents required to apply for Bridging Finance

• Submit NWDC Bridging Finance application form (download SBD loan form)
• Accompanied by supporting documents:
  o Proof of contract or purchase order or tender, i.e. appointment letter
  o Company registration document of the SMME (CIPC)
  o Copies of identity documents of directors listed on company registration
  o CSD Certificate
  o Tax clearance certificate
  o Relevant industry-related compliance certificates
  o Proof of residence
  o For construction contracts: bill of quantities of the tender