1Open the fund
Describe the fund in a line. Mothusi drafts the rest.
Grant, loan or bursary, the pot, the most one business can get, when applications close and who decides. Publish, and the fund has its own apply page, and every business on file that fits is told where it stands.
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2Who qualifies
Say who qualifies once. Every business sees how far it is.
Pick the level and what must be in place, in the Growth Score’s own words, then add your own questions. Mothusi checks every file in the network against it and tells each business the one thing still missing.
Who qualifies
Operating means registration, tax, a separate bank account and basic books are already proved. On top of that:
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3Applications
Every application arrives with its file, already read.
Mothusi rates the answers against what you asked for and says what needs a closer look. Colleagues give their own score beside Mothusi’s, and where they disagree, you book an interview.
Mothusi’s read
Second opinions
Naledi Sithole · The canteen contract is real and renewed.7Product UI · illustrative data
4The committee memo
The committee memo, drafted from the file.
Mothusi writes each section from the business’s own file: what it sells, its money month by month, its customers, the checks and what the money is for. Your analyst edits it, attaches the documents and makes the call.
Read from its file
Meridian Food Growth Fund · drafted by Mothusi from 14 documents · edited by Neo Dlamini, analyst
Summaryfrom the check-ins and contracts
Molefe Catering has run a mine canteen near Rustenburg for 26 months and supplies two schools. Income grew from R148,000 to R212,000 a month in six months, with costs steady at about 71% of income. The loan buys a refrigerated van and fits out a second kitchen, which the new school contract needs from January.
The money asked forfrom the application
Last six monthsfrom the bank statements
Checksdue diligence
Our view
Recommendationthe analyst’s
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5The committee
Share it with the committee. Every vote comes with a reason.
Members read the memo on any device and vote: approved, approved with conditions, declined, or pending with a question. You see who has voted and who has not, and the outcome goes on the business’s file with every reason.
Molefe Catering · R450,000
The school contract is ceded to the fund. The van is insured before payment. Both go on Molefe Catering’s file as things to clear before the money moves.
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6The award
Award it, agree the terms, pay it out.
Set the amount, the interest, the term, the fees, the payment date and what must be cleared first. The business accepts the agreement on its phone, and the money goes to the account on its file.
Loan agreement
Cleared before the money moves
Read the full agreement, 9 pages. Questions go to Neo Dlamini.
To Molefe Catering’s account on its file, with the agreement and both conditions kept beside it.
6 loans paid out · 2 waiting on their conditions
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7Repayments
Every repayment, on time or late, on the same file.
The plan is set at the award, instalment by instalment, with the penalty for a late one. Each payment is marked as it lands, and the business’s own monthly figures sit beside it, so you see trouble coming before a payment is missed.
August, paid late
R23,815 landed on 5 August, four days late. The agreement’s penalty of R238 was added to September, and September was paid on time.
Cash in the bank, from its check-ins
Cash has fallen three months running while income held. The mine has paid 60 days late since July. October’s R23,815 is due on Wednesday.
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8Your steps
Every fund runs its own steps. Set them once.
Start from the funding steps: application, due diligence, investment committee, award and payment. Add a site visit, a pitch day or a second committee, say how long each takes and who decides, and every application follows them.
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9Twelve months on
Did the money move the business?
The fund’s year puts the money beside the movement: what went out, what came back, and which businesses moved up a level, each one open to who signed it off and when.
Where the 22 stand
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