Get Alternative Funding Application Form - Absa Bank

Completing the Alternative Funding Application Form for Absa Bank online requires careful attention to detail. This guide will provide you with clear instructions on how to navigate each section of the form, ensuring that all necessary information is accurately captured.

Follow the steps to successfully complete the application.

1. Click ‘Get Form’ button to obtain the form and open it for editing.
2. Indicate the type of application by ticking the appropriate box: Start-up Business or Existing Business. Ensure that all information requested is provided for your application to be considered.
3. Fill in the background of your business, including the business name, address, phone numbers, email, and the duration in months or years that you have been operating.
4. Specify the type of business structure (such as Sole Proprietor or Pty Ltd) and provide the registration number and tax clearance certificate status.
5. Detail the amount of funding you require, providing a breakdown of financing needed for each area (bridging finance, acquisition of business assets, working capital) and how long you expect to repay this amount.
6. Outline your detailed utilization of funds and availability of goods or services, alongside quotes or other evidence for these expenses.
7. Complete the personal details section for all individual members or shareholders, including names, contact information, gender, residential addresses, marital status, and other personal identification details.
8. Provide contracting history and current contractual requirements, including whether you are registered with relevant contracting bodies and any past government or private sector contracts completed.
9. In the contracting finance section, submit all required contract documents, including contract numbers, authority details, and a brief description of the work involved.
10. Review the terms and conditions of the contracts for which you are seeking funding, including payment periods and retention guarantees.
11. Fill out the applicant’s background section, highlighting previous business experience and any support or training required.
12. Answer questions regarding your existing financial commitments, including any loans, outstanding debts to suppliers, and the status of your financial health.
13. Revisit the declaration section, confirming that all information provided is accurate and you understand the implications of your application.
14. Ensure that all additional documents listed in the checklist are compiled and ready for submission.
15. Once all sections are accurately filled out, finalize your form by saving changes, downloading, or printing as necessary before submission.

Start filling out your application online today to access the support you need for your business.