The GEP offers both financial & non-financial support to SMMEs and Co-operatives across Gauteng

About the Opportunity:

The Gauteng Enterprise Propeller (GEP) promotes, fosters and develops small enterprises in Gauteng thereby implementing the policy of the Gauteng Provincial Government for small enterprise development.

GEP offers financial and non-financial support to qualifying SMMEs and Co-operatives across all sectors in Gauteng. We provide customized business solutions that assist entrepreneurs to run their businesses efficiently, which also includes facilitating CIPC registration, providing business advice and commissioning business development support interventions.

Assistance with the development of a business plan, project preparation, due diligence (handholding). We also provide post investment and aftercare services to the supported SMMEs.

Types of Support:

1. Financial Support

Our financial support offerings include:

Start-up Finance

Contract Finance

Growth Finance

Franchise Finance

Micro-finance

2. Non-Financial Support

GEP offers the following non-financial support services:

Development of Marketing tools,
Financial management systems
Quality management systems
Training
Mentorship
Business incubation and business advice.

Requirements:

SA citizenship
Business must be located in Gauteng
The entrepreneur must be the owner and operator of the business
The business should have black majority ownership of at least 51%

All applications must be submitted with the following documents:

Business plan with five-year projections or management accounts
Previous three-years financial statement and current management accounts (for existing businesses)
Purchase/Sales/Lease/ Franchise/ Licensing/ Agency or any other agreements
Any other information supporting your proposal
Company Registration Document
Purchase Order/Contract / Subcontract
Residential Address – Water and rates to be submitted
Marriage certificate and divorce decree, if applicable
Identity document
Details of members, if applicable
Additional info may be requested depending on the type of deal