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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

STEP 7

BEGIN FUNDING

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