SME xChange

Bounce back Loan Scheme

Around June last year, government finalised its “bounce-back loan scheme” which is set to give businesses a cash injection to create jobs. The bounce-back scheme comprises two mechanisms - the first is a loan guarantee which facilitates loans guaranteed by government to eligible businesses. The loans will assist eligible businesses in recovering from constraints in accessing finance due to COVID-19 lockdowns, the July 2021 civil unrest and disasters like the floods affecting KZN.

The Small Business Institute says it expects Minister Godongwana tomorrow to give details and quantum of envisaged relief under the redesigned Bounce Back scheme to assist small firms to procure alternative, non-grid sources of electricity.

What’s the latest regarding this scheme?

John Dludlu

CEO - Small Business Institute