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
> 3 years old
your annual turnover is R10 – R500 million
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
Exceptions: we make regular exceptions for companies doing R5 – R10 million turnover per year – provided there is some current growth context happening [for example a contract, project or an expansion].
Though we finance and service Small & Growing Businesses across all industries – we find that the businesses in the following segments tend to get significant benefit from our niche finance offerings:
professional services firms
project related businesses
contract related businesses
From a B-BBEE perspective the bulk of the SMEs we finance are Qualifying Small Enterprises (QSEs), that is R10 million to R50 million turnover per year – we also make exceptions for the top half of Exempt Micro Enterprises (EMEs), that is R5 million to R10 million per year, provided there is some growth context they are experiencing.