Business Partners Limited

Basadi-Women Growth Fund

We have introduced the Basadi-Women Growth Fund offering finance from R250 000 up to R5 million for women-owned SMEs. This initiative stems from our recognition that South African women entrepreneurs continue to face systemic barriers in accessing finance – such as limited collateral, gender bias in lending practices, and restricted networks for capital.

Basadi-Women Growth Fund

By bridging this gap, the Basadi-Women Growth Fund aims to empower women-led businesses and unlock their potential as drivers of inclusive development.

The Business Partners Limited Basadi-Women Growth Fund provides business finance ranging from R250 000 to R5 million to women entrepreneurs with a viable formal business.

The finance can be used for property acquisition, working capital, asset or equipment finance, acquisitions or takeovers, start-up franchises or as replacement finance.

You should choose the Business Partners Limited Basadi-Women Growth Fund because:

  • We are invested in seeing business owners succeed: We have spent over four decades adjusting our products and services to boost the success of the business owners we support
  • We provide more than just money: Because we understand the experiences and challenges business owners face, we take more risk than most financiers
  • We offer a repayment moratorium of up to 6 months
  • We offer interest capitalisation of up to 6 months

R250 000 to R5 million

To qualify, the legal entity borrowing finance (borrower) needs to meet the following criteria:

  • The borrower must be directly owned by natural persons
  • The borrower must be a private company or close corporation
  • The borrower’s annual turnover must be less than R20 million
  • At least 50% of the borrower must be owned by women
  • The female shareholder/s must be actively involved in the business

    1. We first assess the business applying for finance: We evaluate the cash flow viability of the business, identify potential risks associated with the business, and consider the overall business’s growth potential.
    2. Our next assessment is on the entrepreneur: We evaluate the business owner/s’ technical and management skills and experience, credit worthiness, their business acumen – their ability to run a successful business on sound business principles and their personal principles such as integrity, drive and vision.

We do not finance the following businesses under the Business Partners Limited Basadi-Women Growth Fund:

  • Businesses operating within a trust
  • Businesses with less than 50% shareholding by women entrepreneurs
  • Businesses where female shareholder/s are not actively involved in its operations
  • Existing Business Partners Limited clients (Excluding Sukuma, Energy Fund and Tourism Fund clients, who may still apply)

Should you fall under this category, we invite you to explore alternative Business Partners Limited financing options.

We structure the financing term and cost of finance as part of our due diligence process and the cost of finance is adjusted for risk. The repayment term is limited to a maximum term of 60 months.

  • Generally, funding is priced between Prime + 3,5% and Prime + 5,5%
  • Property transactions are structured over 60 months with a bullet payable in month 61
  • We offer a repayment moratorium of up to 6 months
  • We offer an interest capitalisation of up to 6 months

There is no minimum own contribution required to qualify for business finance. However, we consider the gearing of the business and other factors that affect the viability and affordability of a transaction.

We would consider the following as security:

  • Notarial bond over movable assets of the business
  • Surety of all directors and shareholders
  • Mortgage bond on property

  • Completed online application
  • Certified copy of IDs of all related parties
  • Company/ close corporation documents
  • Copy of company’s share register
  • Copy of Registration Certificate/ Founding Statement
  • Confirmation of bank account details issued by the relevant bank
  • Signed Annual Financial Statements not older than 12 months from the date of application
  • Signed Management Accounts not older than 3 months from the date of application
  • A rental statement (premises), not older than 1 month
  • Statements for any other credit agreements such as ISA, bond facilities or trade finance – these statements must not be older than 3 months from the date of application
  • Statements of assets and liabilities for the main business owner/s

If you run a business that is at least 50% owned by a woman/women and meet the Basadi-Women Growth Fund criteria, apply today to obtain finance tailored to your individual requirements.