Grants & Funding
- To uplift businesses to prosper and
- To empower businesses with better skills;
- To be able to empower all historically
previously disadvantaged individuals;
- To increase employment in the community;
- To brand businesses in the social economic
and tourism world both locally and
In this world of the rich get richer, there is no place for the poor. It takes money to make money. Hence this has become a huge barrier in the up and coming business mans life not allowing him to enter the rich world. Therefore we believe we can greatly assist the business man achieve his goal.
Types of Funding
We are offering our clients 2 types of funding:-
1)Business Grant – for start up and business injection;
2)90% Business Loan – for start up, business injection and expansion.
The Business Grant offered is up to R500 000.00 and is non repayable, meaning its absolutely free money.
The Business Loan offered is up to 90% of what is required by the client provided the client can provide the 10% of which they must be able to provide the necessary Proof of Funds for it.
Suregro Investments Holdings (Pty) Ltd is a South African 100% black owned innovation systems development, consulting, advisory, project management, development and fund sourcing company. The company is fully BBBEE compliant. We are structured as an economic development company with partnerships between universities, research institutes, private enterprises, local and international funders. Suregro provides emerging companies with a wide variety of support and guidance to help facilitate their growth and success. Suregro creates a robust pipeline of promising ideas, technologies and provides end-to-end support that increases the chances of commercial success.
Whom Do We Fund
We fund the following Small to Medium Enterprises (SME’s)
NPO’s and Co-Operatives but not limited to:-
- Tourism and Hospitality
- Industrial & Commercial
- Private and Semi Private Housing
- Societies & Service Providers
HUGE DEVELOPMENTS/PROJECTS FOR THE SMALL BUSINESS
Ideally suited for huge developments where there is a great need in the community for Malls, Petrol Stations, Housing, Farming, Mining, etc…
The only way to beat the system and become a role player and shareholder in huge developments/projects one would have to do a joint venture. The way to do this would be to enlist 100 SME’s/Cooperatives to each join in and pay a fee as required by Suregro. The reason for choosing the number of 100 companies/cooperatives is simply because of the business grant issued by various Institutions is on average five hundred thousand rands. After receipt of such a grant, each company will be able to contribute at least one hundred thousand rands towards the main development project. Collectively this will amount to ten million rands making up the ten percent investment required by the funder. The ten million rands will not leave the clients account with the exception that the clients’ bank will have to issue a confirmation that such funds are held in their account (Proof of Funds). With a lower number we will not be able to make up the ten percent investment required for the main project.
Each company can have any number of directors/members. The lesser the number of directors/members per SME/Cooperative the bigger the profit for them. Individuals who can afford the fee can also participate in this and can buy one or two or any number of shares they wish to have.
The fee paid will be utilised as follows:– for our company to assist with drawing up of a fundable business plan and financial projections for the SME/Cooperative, thereafter assisting them apply for a grant of a minimum of five hundred thousand rands. The fee paid to Suregro is purely for the purpose of creating the business plan and financial projections and is therefore not refundable unless we fail to produce the business plan and financial projection. Without such a documentation pack, funding cannot be applied for. An Agreement to this effect will be signed between the SME/Cooperative and our company.
A portion of this grant will assist towards the cost of the pre-preparatory work. This simply means that each company will have to invest one hundred thousand rands each for the pre-preparatory work to be done from the grant of five hundred thousand rands they receive.
The one hundred thousand rands will be paid into a Holding/Trust Company by each SME/Cooperative of the group which will be formed by them so as this Holding/Trust Company will be able to make payments as and when due for the prelim costs for the development as well as manage the affairs of the development. The balance remaining from the grant will be for the SME/Cooperative to use for whatever business purpose they desire to do on their own.
A Holding/Trust company will be formed to be the ones who administer the development and proceeds of it. This Holding/Trust company will be formed by the one hundred companies. The Holding/Trust company will have a minimum of seven and a maximum number decided by the group of trustees/members/directors and will include all one hundred beneficiary shareholding companies which will be every SME/Cooperative registered for this project. Each SME/Cooperative will then receive a shareholding certificate which must be registered at CIPRO and given to them.
The actual business affairs of the development will be strictly dealt with by the board of directors and no beneficiary company can have a say in it accept in the quarterly shareholders meetings. Hence, it is important that you choose the correct people to act as trustees/members/directors on your behalf.
A second Agreement will be entered into once it becomes due between the Holding/Trust Company and our company appointing us as the Fund Sourcing Company and if needed as the Project Managing Company for the main project.
The five hundred thousand rands per SME/Cooperative totalling to fifty million rands is a grant and is therefore non repayable, it is one hundred percent free money. The ninety million rands for the actual main development will be given as a loan and repayment will start after three years over a period of twenty to thirty years and at a interest rate of six percent per annum unless it is a humanitarian aid project with no profit gain then it will be given as a grant.
By doing this, it is the only way of beating the system and entering into this corporate world as a small player. Targeted mainly for the rural areas but not limited to as investors will see this as community upliftment programmes.
- Complete a very simple application form;
- Supply us with ID copies of every director/member;
- Supply us with the company/coop registration document;
- Supply us with bank account confirmation letter/statement and tax certificate if available;
A fee will be required to be paid upfront to Suregro in order for us to do the business plans, financial projections and grant application. (please note this is not a fee for the loan/grant application but a payment for engaging our services to prepare the application pack requirement which is compulsory and no other payment will ever be required from you including commissions)
- Complete a very simple application form;
- Supply us with the ID copies of the Pastor/s and every Board Member/Council;
- Supply us with the church registration document;
- Alternatively provide us with a letter from a recognized church body or pastor confirming that you have a ministry and you are recognized as a pastor and must include details of where your church operates from;
- Supply us with the church manifesto/constitution if not available we can assist do this at a fee;
- Supply us with church banking confirmation letter/statement from your bank;
- A fee will be required to be paid up front to Suregro in order for us to do the business plans, financial projections and grant application
Suregro facilitates to get clients business loans from local and offshore funders. The loans offered are any amount from R2 000 000.00 up to R20 000 000 000.00. Interest rate is 6% per annum and repayable from 1 to 30 years dependent on loan amount and funders terms and conditions. The loan amount offered is 90% of the loan value. The client will need to have 10% of the loan value to invest into the business venture, this must be proven by a fresh proof of funds from their bank. The funder will then instruct their bank to put a soft lock on the 10% held in the bank account for a period not exceeding 12 months. Should the client not have the 10%, then they will be required to pay upfront to Suregro a fee not exceeding 2.5% of the loan value in order for them to issue the necessary security/guarantee to the funder in order for them to grant the loan.
We will require the following from the business:-
- Copy of Company Registration Document
- All Directors ID Copies
- Business Bank Account confirmation letter/statement
TRIBAL JOINT COMMUNITY DEVELOPMENT
Ideally suited for huge developments where there is a great need in the community for Malls, Petrol Stations, Housing, Farming, Mining, etc…
The only way to beat the system and become a role player and shareholder in huge developments/projects one would have to do a joint venture with the community. The way to do this would be to enlist every single household/family from the community under the care of a Tribal Inkosi/Company or Person appointed to handle this, to each join in with a fee which will be calculated and is dependent on the number of households/families per Tribal Authority/Business Collaboration;
The plan would be to group the number of households/families that paid into one hundred groups, in order for us to obtain the first payout of fifty million rands as a grant issued by various Institutions which is an average of five hundred thousand rands per group. Each group will be required to contribute a fee as required by the company. After receipt of the fifty million rands grant, ten million rands which is the ten percent required by the Funder must be held in the Trust/Holding Company Account of the group, which will be formed by them, so as this Holding/Trust Company will be able to make payments as and when due for the prelim costs for the development as well as manage the affairs of the development. The ten million rands will not leave the clients account with the exception that the Clients Bank will have to issue a confirmation that such funds are held in their account (Proof of Funds). The balance remaining of forty million rands from the grant will be added to the main project fund bank account in order to accomplish the project.
The fee paid to Suregro per group will be utilised as follows:– for our company to assist with drawing up of a fundable business plan and financial projections for each group, thereafter assisting each group apply for a grant of a minimum of five hundred thousand rands. The fee paid is purely for the purpose of creating the business plan and financial projections and is therefore not refundable unless we fail to produce the business plan and financial projection. Without such a documentation pack, funding cannot be applied for. An Agreement to this effect will be signed between the community leader and our company.
A Holding/Trust company will be formed to be the ones who administer the development and proceeds of it. This Holding/Trust company will be formed by the community. This Holding/Trust company will have a minimum of seven and a maximum number of trustees/members/directors as decided by the community. The Holding/Trust company will be registered as a Public Company with every household/family having a share in it of which a Shareholding Certificate must be registered at CIPRO and given to them.
The actual business affairs of the development will be strictly dealt with by the board of directors and no community member can have a say in it accept in their public quarterly shareholders meetings. Hence, it is important that you choose the correct people to act as trustees/members/directors on your behalf.
A second Agreement will be entered into once it becomes due between the Holding/Trust Company and our company appointing us as the Fund Sourcing Company and if needed as the Project Managing Company also.
The five hundred thousand rands per group totaling to fifty million rands is a grant and is therefore non repayable, it is one hundred percent free money. The ninety million rands for the actual development will be given as a loan and repayment will start after three years over a period of twenty to thirty years and at a interest rate of six percent per annum, unless it is a humanitarian aid project with no profit gain then it will be a grant and no repayment will be required for this.
Note each household/family will become beneficiaries of this development. The development company will be registered as a public company and every
household/family will become shareholders of it of which shares will be registered and share certificates issued to them.
Should the Tribal Authority wish, they can give a perk reward back to each house/family for their contribution towards the development and this is optional. It will become payable once the fifty million rands grant is received and ten million rands from it can be taken and divided amongst every house/family and the balance remaining to be kept and utilised for the main development.
THE FUNDING PROCESS
Once we receive all the items and payment stated above, then we will commence with the preparation of the business plan, financial projection and application for the grant/loan. Upon its approval the entire process can take up to 6 months before one can receive the grant/loan payment applied for.
WHO CAN APPLY
Any person, male or female, who is of the legal age to be in business. It does not matter whether you are employed or in business. Whether your business is registered or not, we will still offer you assistance. Your current credit status does not matter, even blacklisted or poor credit profile persons can apply.
One can utilise the grant received to:-
- Start up a agricultural or cattle or poultry or timber or fish farms. Funds can be used to buy seed,
cattle, poultry, fish, fertilizer, feed, equipment & tools,tractors, vehicles, build sheds, etc. Grant
issued is five hundred thousand rands but should there be a whole joint venture group of 100
farming projects then each group will receive a grant of one million rands. Each group will be
required to pay a fee as required by Suregro for the preparation of the application documentation pack.
start up a manufacturing business such as clothing, dress making, shoe, uniform, furniture,
jewelry, bakery, food, tailor, traditional wear, curios, etc. Funds can be used to purchase equipment,
material, rental of premises if necessary. Grant issued is five hundred thousand rands.
Start up a tourism & hospitality business. Funds will be used to get transportation vehicles,
catering equipment and supplies, accommodation, tour guided trips, port of entry pick ups
and drop offs, etc. Taxis can be brought into this. Grant issued is five hundred thousand rands.
Start up a industrial or commercial business such as engineering, plumbing, building,
electrical, computer, stationary, carpentry, meat, poultry and seafood suppliers, clothing & shoe
suppliers, retailers, etc. Grant issued is five hundred thousand rands.
- Start up a transport company such as delivery & passenger business. Funds can be utilized
to purchase bakkies, cars (metered taxis), trucks and busses. Grant issued is five hundred
- Churches – funds can be used to either build a church hall; feeding programme; purchasing of
furniture, chairs, etc..; purchasing of sound and musical instruments; build a counselling centre;
homes for abused, drug addiction treatment centre; etc. In the case of a church the grant issued is
one million rands.
- Humanitarian Aid Projects – Build private – clinics, care centres, counselling centres, drug and
alcoholic rehabilitation centres, old age homes, etc. Grant issued is five hundred thousand rands
but should there be a whole joint venture group of 100 then each group will receive a grant of
one million rands.
- Private Housing Development – funds can be used to build private low cost housing of which the
community should join together and contribute a fee which will be calculated dependent on the
number of families/houses in that community. This will then come as a grant of one hundred
- Societies & Service Providers – societies such as burial, stokvels, aged, etc… can benefit by
increasing their funds in their kitty through the receipt of this grant. Service providers such as
counsellors, care givers, etc… can also benefit from these funds. Grant issued is five hundred
One can consider many types of businesses for these grants/loans.
WHY THE NEED FOR YOUR PAYMENT ?
One may pose the question as to why should we pay for this as it is funding or a grant? The answer to this question is very simple. Like all financial applications there has to be a proposal supplied to the financial institution as to why they should consider funding you. Whether you apply at local or international
banks, private funders, government funding institutions, one will need a proper business plan and financial projections. Without such a proposal, a financial institution will never know why you need the funds and therefore will not be able to determine whether you are deserving or not. No one can just call a funder or just write a simple request letter for funds and get it. There has to be a detailed of why you need it and justifying your need. This is why we charge the initial fee which is a once off payment and absolutely no other fees will ever be requested from you. The fees is simply for us to create a professional business funding application pack which will include, a business plan (intense research into the area and the project need/demand), financial projections, cv’s of members, etc… Many companies can offer to prepare such business plans at a cheaper or more expensive fee, but not all of them can prepare quality guaranteed plans. We firmly believe that we have the know how of how to compile a professional business application pack and comply this to the funders need. We can safely offer a ninety five percent guarantee that our professional business funding application pack will succeed. Therefore we prefer to do the entire process ourselves ensuring you get the funding/grant. An example would be should you need to build a house and you do not have the funds for it, then one would have to apply for a loan. In order for the financial institution to be able to grant you the loan they would need to see the plan and quotations from a building contractor in order to determine that the loan figure is justifiable. In order to comply to the banks requirement, one would have to get a architect to draw up the plan so you can obtain the rest of the costs in order to apply for the correct amount of loan. The architect will not say to you its ok when you get the loan you can pay me. He will want to be paid up front then do your job. Likewise, we need to be paid to prepare the funding application pack required by the funding institutions for you.
WHY CHOOSE OUR COMPANY?
We are offering an excellent deal which cannot be compared with or beaten. All local banks require a deposit which could be an average of upto forty percent of the funding amount applied for. Securities will also have to be put up for the loan and a whole lot of red tape to be adhered to. Our funder is offering a ninety percent loan with no securities needed, no red tape and simply showing proof of funds for the ten percent deposit that he would like to know that you have for the project as part of your contribution. Our funder is also able to offer one hundred percent start up and business injection grants as well as humanitarian aid grants which is not for personal gain but upliftment. We are professionals, experienced and skilled to perform the tasks for you. We are not a pyramid scheme, neither are we a investment based profit sharing company. We are a business entity that acts purely as an agent between funder and the client. This is simply a one hundred percent business transaction and our benefit comes in the form of a commission paid to us by the funder.