Contract Finance

Our Contract Finance is a solution that assists businesses with solving cash flow issues due to growth related challenges in their business. Contract Finance is for either a once-off need or for regular use in your business – for 1 or 2 or 3 month terms. If your business is contract or project based – then our contract finance is a match for you.

Why use Contract Finance …

Contract Finance has been specifically developed to address businesses cash flow challenges when taking on contract and project work. These often involve late payment terms for the end client. You may have secured a valuable deal [project or contract] and now need to get to work delivering it – but there are several new cash flow challenges …

  • you need to pay your suppliers for materials/delivery
  • you need to pay staff for the next 2 months
  • you only receive payment from the new client after 90 days to 120 days

How Contract Finance works …

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

Typical Credit Criteria

  • Only for cash flow need triggered by growth & not distress context
  • Credit assessment of the business, ‘the jockeys’ and source of repayment & available collateral

Typical Transaction Terms

  • Loan sizes range from R1M to R25M

Our minimum finance criteria

  • minimum finance amount from R1M up to R25M
  • you are a small to mid-sized business [SME] in operation for 3 or more years
  • with a minimum annual turnover of R10M, or
  • alternatively with an annual turnover between R5M – R10M, provided there is some current growth context [for example a contract, project or acquisition]
  • read more about our Finance Criteria

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