INTRODUCTION

Access to sources of finance at the right time is a cornerstone for building better living conditions for farmers by ensuring profitability of their business operations. Finance is required for the purchase of different types of agricultural implements and high quality seeds, for making marketing arrangements, for storage etc.

This document aims to provide information about the various programmes and products offered by financial institutions in South Africa. The information contained in this document outlines the funding criteria, application process that needs to be followed, and the contact details of each financing institution. We trust that this will provide agricultural businesses with access to information, which will assist them to secure finance.

General documentation required by financial institutions before processing a loan application

  • Business plan
  • Organogram of management and staff
  • Latest financial statements or, in the case of a sole proprietor, a written confirmation of earnings from an accountant
  • Management accounts (required upfront should financial statements be older than six months)
  • Projected balance sheets and income statements
  • Cash flow projections with assumptions
  • CC/Company/Trust agreement details (including Founding Statement, Memorandum and Articles of Association, Certificate of Incorporation, Certificate to Commence Business and Trust Deed (whichever applies)
  • Personal bank statements (last three or six months depending on financier)
  • Business bank statements (last three or six months depending on financier)
  • Personal financial statements for members/directors/trustees
  • Lease agreement if applicable
  • Copies of contracts secured, if any
  • Share certificates
  • Debtors and creditors age analysis
  • CVs of business principals
  • Copies of ID document and marriage certificates
  • Proof of physical address
  • Full property description of fixed property together with a six month bond statement
  • Disclosure of any claims, attachments, etc. by other financial institutions

To find information about the products/services from various financial institutions click on the following tabs.

 

CONCLUSION

The Production Economics Division of the Western Cape Department of Agriculture trusts that this “Sources of Finance for Agricultural Businesses” is of value to those involved in the Western Cape agricultural sector. Furthermore, the Western Cape Department of Agriculture believes that the information subsumed in this document will allow farmers to “shop around” for better and more cost effective financing agreements.  

We would like to express our gratitude to all the financing institutions contained in this document for permitting us to publish their institutional information.

© 2018 Western Cape Department of Agriculture
Published by
Western Cape Department of Agriculture
Private Bag X1
Elsenburg
7607

Tel: (021) 808 5200
April 2018

 

Copyright:

This document has been produced for the benefit of the clients of the Western Cape Department of Agriculture. The copyright of this document rests solely with the Western Cape Department of Agriculture in terms of the Copyrights Act 98 of 1978.

Any reproduction of this document in any form is prohibited unless prior consent to do so has been obtained from the Western Cape Department of Agriculture. This document is not for sale and any reproduction of this document in any form whatsoever for commercial purposes is prohibited.

Any unauthorized usage of this document will constitute a copyright infringement and shall render the wrongdoer liable under both civil and criminal law.

 

Disclaimer:

The Western Cape Department of Agriculture made every effort to maintain the accuracy of the information in this document. The information contained in this document is for general guidance only. Users should neither act, nor refrain from action, on the basis of any such information. Users should take appropriate professional advice on their particular circumstances.

The Western Cape Department of Agriculture disclaims all responsibility (including in negligence) for all consequences of any person acting on, or refraining from acting in reliance on, information contained in this document.

The findings, interpretations and conclusions expressed in this document are entirely those of the authors and should not be attributed in any manner to the Western Cape Department of Agriculture or its employees and contractors.

 

Authors:

Document written by Mfusi Mjonono, Mzwanele Lingani and Ziyanda Mtshiselwa
Layout and production by Mfusi Mjonono, Mzwanele Lingani and Ziyanda Mtshiselwa

 

Enquiries:

For further information on this document send an email to: mfusim@elsenburg.com

For all postal enquiries:
Western Cape Department of Agriculture
Programme Agricultural Economics
Private Bag X1
Elsenburg
7607