7 Steps To Follow When Applying For Funding At IDC
The IDC established in 1940 is a national development finance institution set up to promote economic growth and industrial development through funding businesses. Here are 7 Steps To Follow When Applying For Funding At IDC
HOW TO APPLY FOR FUNDING AT IDC
APPLICATION FOR FUNDING SHOULD BE IN WRITING AND SHOULD INCLUDE AN EXECUTIVE SUMMARY AND A BUSINESS PLAN.
STEP 1
BUSINESS PLAN
Draw up a well-researched business plan, stating a compelling case for funding
STEP 2
REGISTER ONLINE
*Applications can also be submitted at the IDC office
STEP 3
UPLOAD APPLICATION
Upload your application with the relevant documents, certificates and business plan
STEP 4
PROCESS APPLICATION
IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation
STEP 5
APPROVAL STATUS
IDC will give you feedback on the outcome of your application, in writing. If your application is successful, due diligence will be conducted on your business.
STEP 6
LOAN CONTRACT
Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract
