Loan scheme now available for small business

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Last week, National Treasury announced that it had provided a guarantee of R100 billion to banks to provide additional funding for small businesses. Picture: iStock/ Panida Wijitpanya
Last week, National Treasury announced that it had provided a guarantee of R100 billion to banks to provide additional funding for small businesses. Picture: iStock/ Panida Wijitpanya

Last week, National Treasury announced that it had provided a guarantee of R100 billion to banks to provide additional funding for small businesses.

This will be increased to R200 billion if necessary and if the scheme is successful.

Funeka Montjane, chief executive of personal and business banking at Standard Bank, says: “This guaranteed loan scheme will bolster efforts made in both the private sector and government to aid small business.

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