“The devices we selected where Chromebooks, these are important for our blended learning program.
The ability to finance our technology devices allowed us to have more capital available to hire more teachers.”
“From a franchisee point of view finance allows them to guard their working capital more closely and take the money that they would have spent and use that cash effectively to pay for our consumers who are selling us goods or borrowing money from us… it allows our franchisees to employ more people because they have more ready, working capital to actually pay salaries at the end of the month…”
“They were more like a big brother, I mean just knowing that you are doing this project and you got a big brother literally backing you – they say ‘financing that backs entrepreneurs’ and they really do. In terms of the process – they supported us right through, the banks were not able to give us what we wanted but still Spartan was flexible enough to say let’s look at other ways of doing this. To this day I’m proud to be associated as a partner because Spartan literally treated us as a partner, its not just a transaction – a once-off transaction – its more partnership and enabling you to deliver whatever it is you need to.”
“We are building contractors that specialise in high end residential, small commercial and tenant fit-out. Our challenge was that the faster we grew – we couldn’t keep up with the needed cashflow in our pocket. We asked for a type of a bridging finance just to fill in the gap between interim draws that need to be paid out, to the point where we actually receive the money – we need that cashflow in between. The experience was quite straightforward – its very human friendly lets put it that way … the guys get involved immediately and they make it more personal in the sense that they have affection for what’s happening in the business and what’s happening outside – that experience you don’t get with a bank.”