Growth Finance 2017-05-19T15:24:36+00:00

growth finance

growth finance

Financing that backs entrepreneurs.

Our Growth Finance is a solution that assists businesses with solving cash flow issues due to growth related challenges in their business. We provide cash flow financing via  either Re-Financing of existing assets or Bridging Finance for temporary needs. We also offer Asset Finance for a range of different assets, Software Finance for acquisition, licenses, implementation & customisation and Fit-Out Finance for all aspects of office interior fit-out and office refurbishment.

how Bridging Finance works …

If you’re at a point where you need temporary cash flow assistance due to growth in your business – then Spartan’s Bridging Finance helps you cross this gap.

Typical Credit Criteria

  • Only for cash flow need triggered by growth & not distress context
  • Businesses older than 5 years and more than R15M annual turnover
  • Credit assessment of the business, ‘the jockeys’ and source of repayment & any available collateral

Typical Transaction Terms

  • 2.5% facility fee paid on application
    However 100% refundable if Spartan does not approve the finance
  • Loan size minimum R1M and maximum R5M

how Re-Financing works …

You have a cash flow crunch caused by your purchase of business assets [machinery, specialised equipment, technology, software, office fit-out …] using your surplus working capital or available overdraft, at the time. Regrettably this is now constraining your business growth as you don’t have the surplus working capital or available overdraft.

Spartan solves this by Re-Financing your business assets via a Sale-&-Lease-Back transaction.

Let’s say you’ve bought a range of assets whether it’s bits & bobs and/or larger items – you may not have realised the cumulative cost was say R1 Million. Spartan then buys these from you and leases them back to you over a 3-5 year term on a Sale-&-Lease-Back transaction. And we deposit the R1 Million to you – restoring your working capital or overdraft.

refinancing

your business buys assets

refinancing

no surplus working capital/overdraft

refinancing

we buy assets from you
[restoring your working capital]

refinancing

we lease it back to you

who we finance …

Spartan is strictly focused on Small & Growing Businesses … this is who we finance. We’re 100% committed to only helping SMEs grow. It’s in our DNA. It’s in our processes. It’s in the way we engage.

We don’t serve survivalist, micro and lifestyle businesses – we believe we can make a greater impact by financing Small & Growing Businesses. Small & Growing Businesses are defined as commercially viable businesses that have significant potential and ambition for growth.

you will be considered for finance if:

  • you are a small to mid-sized business
  • you have between 10 – 500 staff
  • > 3 years old

you will not be considered for finance if:

  • you are a private individual
  • you are a very large company, with more than 500 staff
  • you are a public sector entity

get the growth finance your business needs ...

contact us now
contact us now