GEP specifically supports small, medium and micro enterprises (SMMEs) and cooperatives in Gauteng, helping to bridge the gap between informal and formal business sectors.
Frequently Asked Questions on GEP loans
Who we are
The Gauteng Enterprise Propeller provides unique and tailored financial support services that propel SMME’s into the mainstream economy, revitalizes township economies and grow key economic sectors. Our loan terms are favourable to SMMEs. In addition, GEP provides grant funding to small enterprises not meeting the qualification criteria for loans.
A long-term loan refers to a loan used to finance business operations, with a repayment term of more than 12 months, allowing borrowers to repay the loan in instalments. This instrument covers: Start Up Finance This product is dedicated to helping SMME and Cooperatives that need to get started. Growth/Expansion This product provides viable and established businesses and Cooperatives the capital needed to expand. These businesses and cooperatives should operate within priority sectors and demonstrate clear growth potential . Franchise Finance This product provides franchisees with the advantage of starting a new business based upon a proven trademark and formula for doing business. Commercial Property This product provides funding for property to be utilized for commercial purposes. In this instance, commercial property refers to buildings or land intended to generate a profit through rentals.
A short-term loan refers to a loan used to finance business operations, with a repayment term of less than 12 months. This instrument covers: Contract Finance: This product is aimed at financing the short-term capital requirements of SMMEs and Cooperatives who have been awarded purchase orders, contracts or tenders.
This product incorporates a combination of a loan and grant.
The below shall be utilized as a guideline for respective product processing: Product Repayment Term Interest Rate Charged Long Term Loans More than Up to 60 months Prime Interest Rate Short Term Loans Less than 12 months Prime Interest Rate Blended / Hybrid Financing Up to 60 months Prime Interest Rate.
