Purchase Order Funding Solution

• The company must be 51% or more black-owned with an annual turnover not exceeding R50 million.  
• The director/s of the company must be South African citizens and be fully involved in the day-to-day operations of the business.
• The company must have a valid purchase order from the one of the three stipulated provincial governments.
• The purchase order is for the supply of goods.

Required documentation:

• Valid purchase order
• Quotations (including delivery costs) from suppliers
• Company registration documents
• Original IDs of directors
• Central Supplier Database (CSD) report not older than three (3) months, if it’s a public sector application
• Sworn affidavit of B-BBEE exemption or a B-BBEE certificate
• Valid tax clearance certificate
• Tax compliance status PIN
• Company profile
• Curriculum vitae of member/director
• Proof of address for the company directors
• Bank details confirmation letter
• Implementation plan/milestones signed by the relevant provincial government department, if it’s for a purchase order above R500 000.

* Documents should not be older than 3 months.

Exclusions:

• Sub-contracts
• Merger and acquisition transactions
• Equity-related transactions
• Purchase orders providing services
• PPE purchase orders
• Paying off loans from either Standard Bank, other banks/financial institutions, or any other debt (including SARS)
• Transactions that are not in line with Standard Bank’s risk parameters, for example, the cannabis industry
• Requests for sponsorships for events, etc.
• Transactions that can be fulfilled by Standard Bank Business Credit
• Municipalities and SOE’s start-up capital for a business idea
• Purchasing of residential property and commercial property
• Construction contracts that can be done through our Standard Bank, Tusk and Massbuild solution

• To apply, please email your valid purchase order and the signed POPIA consent form* to [email protected] or speak to the Business Manager at your nearest Standard Bank branch.
• Once the documents are received, the purchase order will be validated with the issuer.
• An application will then be made through Enterprise Development credit.
• If the application is approved, the approved funds will be paid directly to the suppliers.

^{* The consent form is required to give the Standard Bank appointed a Business Development Service Provider to validate the purchase order and assist with the application process. They will also be able to help the business to organise and/or source the documents needed to support the application.}

POPIA consent form

Terms and conditions

Learn more about our Enterprise Development Solutions by browsing our frequently asked questions.