About the Opportunity
Independent restaurant owners who are FEDHASA members can apply for rental relief and financial aid in the form of an unsecured interest-bearing loan of between R250,000 and R1 million through The Sukuma Fund, administered by Business Partners Limited in partnership with FEDHASA.
What can the money be used for?
To provide cash flow relief to qualifying close corporations, companies and trusts.
Funds shall be used to cover up to 6 months rental due to landlords, with monthly rental payments being made directly to the landlord, subject to proof of sustainable trade in the previous month.
The Sukuma Fund has allocated just over R100 million for qualifying businesses, which must:
Be formally registered
Operate as an independent restaurant
Provide evidence of financial solvency and future viability
Secure 25% rental relief from landlords
For more information, please click:
To apply, please click:
Phone: +27 11 713 6600
37 West Street