Depending on your unique situation, Spartan can help by crafting a finance option tailored to your exact requirements and needs.

Such as:

• Bridging Finance
• Working Capital Finance
• Growth Finance
• Specialised Asset Finance

Our minimum finance amount is R1M and can go up to R25M. Some of our finance facilities can be structured as revolving facilities, where appropriate.

• Bridging Finance: 1-3 months
• Working Capital Finance: 1-3 months or 6-12 months
• Growth Finance: 12-60 months
• Specialised Asset Finance: 12-60 months

From the time that we have received all your information:

• +- 5-10 days to approval
• sometimes quicker or longer depending on your responsiveness

• we focus exclusively on South African SME’s
• if your business is based in South Africa but also operates outside of South Africa then we may be able to finance you

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.

• Spartan finances in a no/low collateral context, with an approx 5-10 day turnaround
• therefore we supplement your bank rather than substitute it
• our pricing is relative to the above
• however, against usual secured overdraft rates – our costing is reasonable

• we adopt a structured/customised approach to funding SMEs
• we supplement a bank we do not substitute a bank
• this means our clients utilise the banks for their traditional/vanilla finance needs & Spartan supplements this for their specialised/growth needs
• your bank will typically require a higher degree & higher quality of collateral where Spartan as an alternative funder focuses more on backing an entrepreneur
• Spartans average turnaround time is 5-10 days – for highly specialised/complex funding needs

Documents we require include:

• online or offline finance application
• historical financial information (for Spartan to assess business retrospectively) – this includes AFS/Management accounts and Bank account details/statements
• business owners personal assets – we do secured and unsecured lending, this helps us with our risk mitigation

Why no business plan? We believe in meeting with the entrepreneur in order to understand the business holistically – from their perspective.

• With Spartan you can sign all our docs online, on your mobile – wherever you are in the world
• It is completely safe and legal
• We make use of a top tier service that enables quick, easy and safe e-signing
• find out more about our e-signing safety here
• find out how to e-sign here

• we define collateral as a tangible asset, with a liquid, secondary market [e.g. property]
• we define security as a legal instrument that provides some comfort [e.g. cession of debtors]
• depending on the nature and context of the financing required we will often require some form of collateral/security however
• as an alternative financier we also try to give consideration to the needs of the business and its context
• in certain cases security/collateral can take forms more relevant to purchase orders and contracts

Whilst we finance 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:

• manufacturing
• construction
• engineering
• tech businesses
• education
• healthcare
• business services
• professional services firms
• project related businesses
• contract related businesses
• digital media
• agribusiness

It’s both our philosophy & policy not to finance businesses that negatively impact People and Planet.

• Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pesticides/herbicides, ozone depleting substances, PCB’s, wildlife or products regulated under CITES.
• Production or trade in weapons and munitions.
• Production or trade in alcoholic beverages (excluding beer and wine) (Primary).
• Production or trade in tobacco (Primary).
• Gambling, casinos and equivalent enterprises (Primary).
• Production or trade in radioactive materials.
• Production or trade in unbounded asbestos fibres.
• Drift net fishing in the marine environment using nets in excess of 2.5 km. in length.
• Production or activities involving harmful or exploitative forms of forced labour/harmful child labour.
• Commercial logging operations for use in primary tropical moist forest.
• Production or trade in wood or other forestry products other than from sustainably managed forests.
• Industries related to pornography