contract finance

Contract Finance

Financing that backs entrepreneurs.

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 …

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 size minimum R1M and maximum R5M

when to use Contract Finance …

So you have secured a valuable deal [project or contract] and now need to get to work delivering it – but there are several new challenges mostly in the form of cashflow management… you need to pay your suppliers and staff for the next 2 months but only receive your payment from the new client after 90 days.

Contract Finance

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 do not serve start-ups, micro or lifestyle businesses.

We believe we can make a greater impact by financing Small & Growing Businesses. They are defined as commercially viable businesses that have significant potential for growth.

you will be considered for finance if:

  • you are a small to mid-sized business 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]

you will not be considered for finance if:

  • you are a start-up
  • you are a private individual
  • you are a large corporate, with more than 500 staff

get the contract finance your business needs ...

contact us now
contact us now