Support for small businesses

Small businesses owned by paraplegics and quadriplegics receive a lifeline.

Paraplegic and quadriplegic small business owners can sigh with relief as the Quadriplegic and Paraplegic Charitable Trust of South Africa offers support to businesses in distress as a result of the coronavirus pandemic.

“The Charitable Trust understands that these are tough times for small businesses, especially those owned by quadriplegics and paraplegics in South Africa. It has made funding available to support qualified applicants for short-term relief in this uncertain time,” the Trust noted in a recent press release. Business owners can apply for funding if they meet the below criteria:

  1. The business has a minimum of 70 percent ownership by a quadriplegic or paraplegic;
  2. It has been in operation for at least 12 months;
  3. It was operating up to 27 March 2020.

In order to apply for funding, business owners need to submit the following with their application:

  1. Financial statements for January and February 2020;
  2. Bank statements for January, February and March 2020;
  3. Proof of business registration and SARS tax clearance document;
  4. A list of the full-time staff in employment;
  5. A description of the business in no more than 200 words;
  6. A description of how the coronavirus pandemic has affect the business;
  7. An explanation of how the investment will sustain the business in no more than 200 words.

Successful applicants will be required to sign a contract outlining the terms and conditions of the grant and a (possible) Monitoring and Evaluation agreement between the Trust and beneficiary.

All submissions for consideration must be sent in Microsoft Word format with the applicant’s name, company name, address, e-mail address and mobile number in the header. The document should also include all the above criteria and supporting documents. Applications can be e-mailed to aris@iafrica.com.

For more information about the coronavirus pandemic, visit the official South African government website here.

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