Enterprise Development Fund
Businesses must meet Ithala’s financing criteria, including operating primarily in KwaZulu-Natal and having at least 51% black ownership.
Check dates with the provider
Loan KwaZulu-Natal
Check the current application cycle
Use the official portal for dates and requirements.
About
The fund provides business finance through Ithala’s Business Finance Unit. It is intended to support the development of KwaZulu-Natal businesses and job creation in the province.
What it covers
- Business finance
Who can apply
At least 51% black ownership
Business registered with CIPC or properly constituted as a partnership, trust or sole proprietor
Members or shareholders have valid South African IDs
Business registered with SARS and able to provide a valid tax clearance certificate
Main operations or primary place of business in KwaZulu-Natal
Business impact benefits the KwaZulu-Natal economy or people domiciled in the province
Good standing with existing creditors
Demonstrable socio-economic impact and financial viability
Members or shareholders are not unrehabilitated insolvent, under debt review or administration order
Business is not engaged in illegal activity
At least one partner, member or shareholder has a senior or executive management role
Documents to prepare
Identity documents for members, spouses, shareholders or directors
Proof of residential and postal address, business address, and telephone and cellphone numbers
Marriage certificates, ANC agreements or divorce orders, where applicable
Lease agreement or title deed
Signed personal asset and liability statements for members, shareholders or directors
Business registration certificates and shareholder, member or joint venture agreements
Shareholding proof, organizational chart and shareholding organogram
Industry licences or permits, CVs, valid tax clearance certificate, business plan or profile, and BEE certificate
Existing business financial statements for the last three years, if applicable
Five-year cash flow projections, latest management accounts, debtors and creditors age analysis, income sources breakdown, and bank and liability statements
Signed Ithala application forms for each member, shareholder or director
Equipment list and finance-utilization breakdown with two quotations; proof of own contribution, if applicable
How to apply
- 1Apply for funding through Ithala’s business finance enquiry link.
- 2Complete the Ithala Business Finance Application Form and have each member, shareholder or director sign it.
- 3Submit the required supporting documents.
Sources
Official sourceIthala Development Finance CorporationChecked against ithala.co.za on 22 Oct 2026. Govnet is independent — always confirm with the provider.