ECDC Loans offers short term loans while concentrating on servicing local developmental projects, particularly in the Eastern Cape. This institution provides help for individuals with businesses that are focused on improving the economy but are lacking the finances to make this come to fruition.
With ECDC Loans, clients are assured of having finance to as much as R20 000 as a short term loan. A flexible repayment period of 6 months is offered.
Loans can be used to finance the needs of a start-up company. This may range from capital needs to equipment costs. The ECDC strives to provide help for Eastern Cape business owners. As one of the poorer provinces in the country, the Eastern Cape requires assistance in order to be able to empower its citizens to grow and create job opportunities. With ECDC Loans, business owners are assured of an opportunity of getting access to the finance they may need to make their dreams come true.
Tell me more about the ECDC Loans procedure:
To apply for a loan, call 0860 3232 346.
An account manager will conduct a preliminary interview with you to capture your details and the reason for making the application.
The application form will be forwarded to you.
An interview will be conducted with you, which will be stored for legal purposes.
Once approved, the contract will be signed by you and ECDC.
Early loan settlement is encouraged. ECDC is an authorised financial services provider and encourages responsible lending.
What are the requirements for ECDC Loans?
The applicant should demonstrate 100% commitment to the idea.
The applicant must display some expertise in the area of the proposed business idea.
The applicant should be actively involved in the underlying business enterprise.
You need to have a clear credit record.
Visit the ECDC website here: www.ecdc.co.za