Service Information

FINANCIAL SUPPORT Criteria for finance A business with headquarters in the province, or can prove the major developmental impact will be felt in the province, will be considered for finance. ECDC also understands the historical lack of access of small to medium enterprises to finance.

The Corporation uses adequate management capacity and business viability as key criteria, operating under different collateral policies to South African banks. Should 100% collateral be unavailable, a loan may still be granted.

It will be attached as security and any available collateral (albeit less than 100% of the loan value) will be attached as security to the extent that ECDC deems necessary.

Despite our policy that 100% collateral is not required as a prerequisite for loan finance, it is expected a significant contribution is made by the applicant that demonstrates their total commitment to the idea Through ECDC’s short-term and long-term product offering, the Corporation has set itself apart as the financial service provider of choice for initiatives that bring a meaningful development impact to the Eastern Cape economy.

ECDC facilitates financial viability and sustainability of these initiatives through the provision of financial resources at highly competitive rates.