South African funding for small business. The Eastern Cape Development Corporation (ECDC loans) has emerged over the years as a strong anchor for economic revitalisation in the Eastern Cape. Acting as the much-needed link between the public and private sector, ECDC has cultivated innovative and developmentally conscious private sector development initiatives. These initiatives have continued to contribute to overcoming the constraints of poverty, unemployment, inequality, under-development and other past inequalities.
In order to provide an effective service, ECDC finance has developed diverse business units all catering for various needs. ECDC is divided into development finance, investment promotion, export promotion, enterprise development services, property management and development as well as spatial and rural projects unit.
The development investments unit caters for small to medium enterprise who require access to finance. ECDC facilitates financial viability and sustainability of these initiatives through the provision of financial resources at highly competitive rates. The investment promotion unit assists investors with identifying and accessing business opportunities within the key sectors of the provincial economy. Closely linked to investment promotion is trade promotion which assists businesses and individuals who were previously disadvantaged to access offshore market opportunities. Enterprise development services are non financial but rather business support services provided by highly trained personnel, these experts provide clients with knowledge and expertise in business development. Project development is tailored for pilot projects which are of a strategic nature, sustainable with the potential to generate economic activity. Small, medium and micro enterprises who are in need of suitable premises at affordable rates can use the property management and development unit. The spatial and rural projects unit has been tasked to steer economic growth in the former Ciskei and Transkei, the idea is to unlock investment opportunities, fast track government decision-making, project scopping and planning and providing planning advice to municipalities and provincial government departments.
ECDC is indeed proving to be a reliable development partner in Eastern Cape. ECDC can be contacted on 0437045600.