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.