Absa Bank
OpenAbsa Empowerment Finance
Funding amount
R50 000 to R15 million
Business finance for black-owned SMEs from R50 000 up to R15 million. Purely business-based eligibility - age is not mentioned anywhere in the criteria.
Who qualifies
South African citizen, 51%+ black-owned business, viable business plan and cash flow projections. No age restriction.
Documents needed
- SA ID document
- Business registration documents
- 6 months bank statements
- Business plan with financials
- Tax clearance certificate
Always verify eligibility and deadlines on the official source before applying.