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Business Grants

What is a small business grant?

Running a business is never easy. But it’s impossible without funding. Business grants can set you up for success. Government offers a range of business grants. Organisations like the Small Enterprise Development Agency (Seda) and the Small Enterprise Finance Agency (Sefa) will help you access business grants. Show more

The Department of Trade and Industry and the National Empowerment Fund also funds business owners. Here’s the thing: these organisations field requests from thousands of business owners. Then there’s the fact that business grants come with strict criteria. Some grants are only available to sectors determined by the government.

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How do you get funding for your business?

Business grants are one option. However, the application process is long. For many grants you’ll need to attach detailed business plans and financial statements. And even then, there’s no guarantee you’ll receive the business grant. Show more

Lulalend makes it easy to get funding to grow your business. We’ve built business funding specifically for South African SMEs. You’re eligible if you’ve been trading for one year or more, with a minimum annual turnover of R500 000. And with our capital facility, you can have instant access to a line of Revolving Capital Facility, without needing to reapply. Apply in minutes online and get the funds in your account in 24 hours.

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How to apply for Lulalend business grants

Apply online at Lulalend Small Business Funding - Step 1

Complete your online application

Apply online at Lulalend Small Business Funding - Step 2

Select how much you need

Apply online at Lulalend Small Business Funding - Step 3

Get approved in 24 hours

Up to R5 million line of funding | Choose 3, 6, 9 or 12 month terms | Apply in minutes

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What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 1⁄6th or 1⁄12th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.

80000
6 months
Total repayment
0
No additional costs
Month Capital payment Cost * Monthly payment due
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
8 0 0 0
9 0 0 0
10 0 0 0
11 0 0 0
12 0 0 0
Total 0 0 0
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.

There's a better way to fund your business

"In the manufacturing industry you often sit in between projects with this lull, so for us cash flow is a huge challenge. Just to get funding or capital as a small business owner is almost impossible. If it wasn't for Lulalend we would have sunk a long time ago because of the bridging gap. We had the turnover and capacity but we couldn't get from month to month on the cash flow going in and out of the company."

Testimonial image
Christiaan Servaas de Wet
Business owner at C and G Fine Art

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Business Grants FAQs

We're covering the most frequently asked Business Grants questions we get from business owners

What is a small business grant?

A grant is one option to access funding for a small business. There are grants you do not need to repay. Other grants are cost-sharing. This means you are responsible for a portion of the grant.

Who qualifies for a small business grant?

Each business grant comes with its own criteria. The funding agency will determine whether or not you qualify based on things like the size of your business, your turnover, your industry, or the funding amount you need. Approach the Small Enterprise Finance Agency (SEFA), National Empowerment Fund (NEF), or the Small Enterprise Development Agency for more.

How do I apply for a business grant in South Africa?

To apply for a business grant, you’ll need to determine which grant is the best fit for your business. Next, find out what you need to apply for that scheme. Many grants will require a completed application form, your company registration documents, the certified IDs of all directors, and certified financial statements.

How can I get a grant to start a business?

Government offers a range of business grants. Some are for specific sectors, while other grants are for young people or women entrepreneurs. A good place to start is the Small Enterprise Development Agency (SEDA).

What are the types of business grants?

Several types of business grants are available. You can apply for bridging loans, cost-sharing grants, and low-interest loans. There are also sector-specific grants for manufacturing, ICT, and agri-processing

Get approved for up to R5 million today. No fees, no commitments

Apply now