Grants & Fundings – Suregro (2023)

Ideally suited for huge developments where there is a great need in the community for Malls, Petrol Stations, Housing, Farming, Mining, etc…

The only way to beat the system and become a role player and shareholder in huge developments/projects one would have to do a joint venture. The way to do this would be to enlist 100 SME’s/Cooperatives to each join in and pay a fee as required by Suregro. The reason for choosing the number of 100 companies/cooperatives is simply because of the business grant issued by various Institutions is on average five hundred thousand rands. After receipt of such a grant, each company will be able to contribute at least one hundred thousand rands towards the main development project. Collectively this will amount to ten million rands making up the ten percent investment required by the funder. The ten million rands will not leave the clients account with the exception that the clients’ bank will have to issue a confirmation that such funds are held in their account (Proof of Funds). With a lower number we will not be able to make up the ten percent investment required for the main project.
Each company can have any number of directors/members. The lesser the number of directors/members per SME/Cooperative the bigger the profit for them. Individuals who can afford the fee can also participate in this and can buy one or two or any number of shares they wish to have.
The fee paid will be utilised as follows:– for our company to assist with drawing up of a fundable business plan and financial projections for the SME/Cooperative, thereafter assisting them apply for a grant of a minimum of five hundred thousand rands. The fee paid to Suregro is purely for the purpose of creating the business plan and financial projections and is therefore not refundable unless we fail to produce the business plan and financial projection. Without such a documentation pack, funding cannot be applied for. An Agreement to this effect will be signed between the SME/Cooperative and our company.
A portion of this grant will assist towards the cost of the pre-preparatory work. This simply means that each company will have to invest one hundred thousand rands each for the pre-preparatory work to be done from the grant of five hundred thousand rands they receive.
The one hundred thousand rands will be paid into a Holding/Trust Company by each SME/Cooperative of the group which will be formed by them so as this Holding/Trust Company will be able to make payments as and when due for the prelim costs for the development as well as manage the affairs of the development. The balance remaining from the grant will be for the SME/Cooperative to use for whatever business purpose they desire to do on their own.

A Holding/Trust company will be formed to be the ones who administer the development and proceeds of it. This Holding/Trust company will be formed by the one hundred companies. The Holding/Trust company will have a minimum of seven and a maximum number decided by the group of trustees/members/directors and will include all one hundred beneficiary shareholding companies which will be every SME/Cooperative registered for this project. Each SME/Cooperative will then receive a shareholding certificate which must be registered at CIPRO and given to them.

The actual business affairs of the development will be strictly dealt with by the board of directors and no beneficiary company can have a say in it accept in the quarterly shareholders meetings. Hence, it is important that you choose the correct people to act as trustees/members/directors on your behalf.
A second Agreement will be entered into once it becomes due between the Holding/Trust Company and our company appointing us as the Fund Sourcing Company and if needed as the Project Managing Company for the main project.

The five hundred thousand rands per SME/Cooperative totalling to fifty million rands is a grant and is therefore non repayable, it is one hundred percent free money. The ninety million rands for the actual main development will be given as a loan and repayment will start after three years over a period of twenty to thirty years and at a interest rate of six percent per annum unless it is a humanitarian aid project with no profit gain then it will be given as a grant.
By doing this, it is the only way of beating the system and entering into this corporate world as a small player. Targeted mainly for the rural areas but not limited to as investors will see this as community upliftment programmes.

BUSINESSES/COOPERATIVES/SOCIETIES/SERVICE PROVIDERS
  • Complete a very simple application form;
  • Supply us with ID copies of every director/member;
  • Supply us with the company/coop registration document;
  • Supply us with bank account confirmation letter/statement and tax certificate if available;

A fee will be required to be paid upfront to Suregro in order for us to do the business plans, financial projections and grant application. (please note this is not a fee for the loan/grant application but a payment for engaging our services to prepare the application pack requirement which is compulsory and no other payment will ever be required from you including commissions)

CHURCHES
  • Complete a very simple application form;
  • Supply us with the ID copies of the Pastor/s and every Board Member/Council;
  • Supply us with the church registration document;
  • Alternatively provide us with a letter from a recognized church body or pastor confirming that you have a ministry and you are recognized as a pastor and must include details of where your church operates from;
  • Supply us with the church manifesto/constitution if not available we can assist do this at a fee;
  • Supply us with church banking confirmation letter/statement from your bank;
  • A fee will be required to be paid up front to Suregro in order for us to do the business plans, financial projections and grant application
BUSINESS LOANS

Suregro facilitates to get clients business loans from local and offshore funders. The loans offered are any amount from R2 000 000.00 up to R20 000 000 000.00. Interest rate is 6% per annum and repayable from 1 to 30 years dependent on loan amount and funders terms and conditions. The loan amount offered is 90% of the loan value. The client will need to have 10% of the loan value to invest into the business venture, this must be proven by a fresh proof of funds from their bank. The funder will then instruct their bank to put a soft lock on the 10% held in the bank account for a period not exceeding 12 months. Should the client not have the 10%, then they will be required to pay upfront to Suregro a fee not exceeding 2.5% of the loan value in order for them to issue the necessary security/guarantee to the funder in order for them to grant the loan.

We will require the following from the business:-

  • Copy of Company Registration Document
  • All Directors ID Copies
  • Business Bank Account confirmation letter/statement
TRIBAL JOINT COMMUNITY DEVELOPMENT

Ideally suited for huge developments where there is a great need in the community for Malls, Petrol Stations, Housing, Farming, Mining, etc…

The only way to beat the system and become a role player and shareholder in huge developments/projects one would have to do a joint venture with the community. The way to do this would be to enlist every single household/family from the community under the care of a Tribal Inkosi/Company or Person appointed to handle this, to each join in with a fee which will be calculated and is dependent on the number of households/families per Tribal Authority/Business Collaboration;
The plan would be to group the number of households/families that paid into one hundred groups, in order for us to obtain the first payout of fifty million rands as a grant issued by various Institutions which is an average of five hundred thousand rands per group. Each group will be required to contribute a fee as required by the company. After receipt of the fifty million rands grant, ten million rands which is the ten percent required by the Funder must be held in the Trust/Holding Company Account of the group, which will be formed by them, so as this Holding/Trust Company will be able to make payments as and when due for the prelim costs for the development as well as manage the affairs of the development. The ten million rands will not leave the clients account with the exception that the Clients Bank will have to issue a confirmation that such funds are held in their account (Proof of Funds). The balance remaining of forty million rands from the grant will be added to the main project fund bank account in order to accomplish the project.
The fee paid to Suregro per group will be utilised as follows:– for our company to assist with drawing up of a fundable business plan and financial projections for each group, thereafter assisting each group apply for a grant of a minimum of five hundred thousand rands. The fee paid is purely for the purpose of creating the business plan and financial projections and is therefore not refundable unless we fail to produce the business plan and financial projection. Without such a documentation pack, funding cannot be applied for. An Agreement to this effect will be signed between the community leader and our company.
A Holding/Trust company will be formed to be the ones who administer the development and proceeds of it. This Holding/Trust company will be formed by the community. This Holding/Trust company will have a minimum of seven and a maximum number of trustees/members/directors as decided by the community. The Holding/Trust company will be registered as a Public Company with every household/family having a share in it of which a Shareholding Certificate must be registered at CIPRO and given to them.
The actual business affairs of the development will be strictly dealt with by the board of directors and no community member can have a say in it accept in their public quarterly shareholders meetings. Hence, it is important that you choose the correct people to act as trustees/members/directors on your behalf.
A second Agreement will be entered into once it becomes due between the Holding/Trust Company and our company appointing us as the Fund Sourcing Company and if needed as the Project Managing Company also.
The five hundred thousand rands per group totaling to fifty million rands is a grant and is therefore non repayable, it is one hundred percent free money. The ninety million rands for the actual development will be given as a loan and repayment will start after three years over a period of twenty to thirty years and at a interest rate of six percent per annum, unless it is a humanitarian aid project with no profit gain then it will be a grant and no repayment will be required for this.

Note each household/family will become beneficiaries of this development. The development company will be registered as a public company and every
household/family will become shareholders of it of which shares will be registered and share certificates issued to them.

Should the Tribal Authority wish, they can give a perk reward back to each house/family for their contribution towards the development and this is optional. It will become payable once the fifty million rands grant is received and ten million rands from it can be taken and divided amongst every house/family and the balance remaining to be kept and utilised for the main development.

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