Heavy Manufacturing

HOWWE FUND BUSINESSES IN THE
HEAVY MANUFACTURING SECTOR

Our goal is to finance projects in the heavy manufacturing sector that have a high developmental impact meaning they have potential to create or preserve jobs, support local opportunities, bring about transformation in the economy and develop emerging entrepreneurs and black industrialists. We also support manufacturing activities that improve competitiveness and are environmentally sustainable. We fund a high volume of opportunities offering high impact return on effort.

 

Doing business with the unit

 

Within the heavy manufacturing industry, we focus on the following sectors:

WHAT WE FUND

Cement, lime and stone products

Rubber products

Furniture production

Wood processing and wood products

Glass production and products

Pulp, paper and paper products

WHO SHOULD APPLY FOR FUNDING?

Contact us if you require fixed assets or working capital, are planning a new project, or wish to expand on or rehabilitate an existing business.

 

Suitable candidates for funding would fit the following criteria:

 

  • Businesses implementing relatively sizeable projects;
  • Businesses establishing projects that exhibit sustainable economic merit;
  • Businesses designing projects with significant developmental impact, particularly:
    • Sustainable job creation
    • Manufacture of exports
    • Value-addition
    • Empowerment
    • Rural development

FUNDING CRITERIA

In granting funding, we have set certain criteria:

 

  • A written request for funding and a comprehensive business planis required as part of your application;
  • The project/business must exhibit economic merit in terms of profitability and sustainability; and
  • Businesses/projects or credit applications must be commercially viable from a technical, marketing and financial perspective, and be environmentally sustainable.

HOW TO

APPLY FOR FUNDING

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

OTHER INDUSTRY SECTORS

WE FUND

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