| Product |
Description |
| Land & Buildings |
To finance the acquisition of land and buildings or the erection of buildings for new or existing SMME’s embarking on projects with a positive development impact. |
| Land & Fixed Improvements loans |
An agricultural product for the purchase of land, the development and establishment of land for plantation of crops (including cane) and the erection of buildings and other fixed assets (dams, roads, etc.). |
| Equipment Finance |
To finance the acquisition of equipment for new or existing SMME’s embarking on projects with a positive development impact. |
| Equipment & Movable Assets Finance |
An agricultural product for the purchase of plant and machinery, irrigation and other farming equipment as well as livestock (including fish and poultry) and tradeable business rights (e.g. quotas, transferable contracts etc). |
| Working Capital Term loan |
To provide working capital to new or existing SMME’s embarking on projects with a positive development impact. |
| Order Discounting |
To provide a working capital facility to emerging manufacturing concerns by means of an up-front advance of funds prior to commencement of a contract. |
| Invoice Discounting |
To provide a working capital facility to growing manufacturing concerns by means of discounting of invoices to their customers. |
| Small Contractors Bridging Finance |
To provide bridging finance to small contractors in the building and allied trades based on a secured contract. |
| Small Contractors Performance Guarantees |
To provide performance guarantees (linked to bridging finance) to small contractors in the building and allied trades based on secured contract. |
| Bridging Finance for Developers of residential land or infrastructure |
To provide bridging finance and performance guarantees (guarantees linked to bridging finance) to small contractors in the building and allied trades based on a secured contract. |
| Bridging Finance |
To provide a short term bridging finance SMME’s to respond to seasonal increases in demand or to take advantage of forthcoming price increases |
| VAT loans |
To provide a short term bridging finance facility to newly established industrial companies for the payment of VAT on equipment purchased or to newly established medium sized property owning companies for the payment of VAT in respect of property acquisitions. This facility is to be used for newly established companies only where no output VAT will be applicable which can reduce the amount of the claim. |
| Fixed rate finance (package deal) |
To provide working capital, equipment or building finance to medium sized businesses at a fixed rate for 3 years as an incentive to rent or buy Ithala properties. |
| Empowerment equity finance |
To provide financial assistance to historically disenfranchised individuals to obtain shares in existing, successful, medium sized private companies based in KwaZulu-Natal. |
| Equity Finance Product |
This product is aimed at providing an investment vehicle for Ithala to invest in small to medium sized private companies operating in KZN through acquisition of equity/ ordinary shares. The product also allows Ithala to warehouse equities/ordinary shares on behalf of SMME’s or PDI’s in private companies operating in KZN. |
| Co-operatives Loans |
These are loans given to co-operative entities operating within KZN who have undergone training administered by the Department of Economic Development and Tourism. |