The typical needs that a business would require Growth Funding for:

1. you want to acquire a competitor – maybe its a distressed or retiring competitor and its its an opportunity and you need to be nimble and fast to acquire this competitor, the banks don’t usually get involved in funding acquisitions for SMEs – its a no mans land
2. the business could be acquiring a company within the value chain so you could be in the transport business but want to acquire warehousing – so its a different context
3. maybe there’s a BEE partner you want to get into the business or maybe the BEE partner wants to buy into the business and again its not a typical thing that a bank would do – certainly not in the SME segment
4. you want to expand your infrastructure and its a growth context and normal specialised asset finance doesn’t cut it as it requires a different consideration and a different structuring of facilities for that
5. another growth need could be that you want to buy your premises – you need funding to acquire this premises but perhaps a bank only gives a bond of 60-70% – how do you fill the gap?

Here are 2 key reasons to use Spartan’s Specialised Asset Finance:

• Our expertise is in financing specialised assets. What does this mean? When you need specialised asset finance – that your bank or traditional funders don’t understand or avoid – we will back you. We finance machinery, specialised equipment, technology, software, office fit-out, etc. If you’re not sure if we will finance it just ask – chances are we could.
• Avoid using your working capital or overdraft. Rather use Spartan’s asset finance facility [credit line] which acts as a wallet of credit. This credit line has a 3 year availability period. It can be used for ‘bits & bobs’ or larger items. Working capital or overdraft is a scarce resource that should either serve as a buffer for tough times OR give you confidence for the future.

Our Working Capital Finance is a solution that assists businesses with solving cash flow challenges. We provide cash flow financing via either Short Term Loans or Bridging Finance for temporary needs.

• 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.
• Our Short Term Finance Loan is a solution that enables your business to draw on our growth finance, an alternative to your traditional finance sources such as your overdraft or bank credit lines. This means that those avenues remain open to you to use as appropriate for their function.