how Spartan helps the mining ecosystem ?
- experience in financing SME suppliers within the mining sectors’ supply chain
- financing for Purchase Order, Contract or Project, Bridging, Medium Term and Specialised Equipment
Spartan’s role in the mining sector …
The mining sector is a vital component of the South African economy and provides significant opportunities to SMEs suppling the mines and to SMEs supplying larger mining contractors.
It’s also an advantageous entry point for entrepreneurs to start and grow a stable business.
- However, mining sector projects or purchase orders – require SME suppliers to have working capital and/or capex funding.
- This is often a barrier to executing these projects/orders.
This is where Spartan comes in: we understand your space, we understand your challenges – and structure the funding to support your growth as a SME supplier to the mining sector.
specialist in
financing SME suppliers to the mining sector
Who we fund …
We’re only focused on SMEs run by experienced entrepreneurs, that:
SME Suppliers to Mines
Projects or Purchase Orders from mines – despite being positive news, often come with challenges for SME suppliers:
- often these projects or POs are larger than previous projects/POs – triggering their need for working capital and/or capex funding
- but, SME suppliers’ financial history is unlikely to justify the larger working capital and/or capex funding
- additionally, the funding needs to be secured fast – as there is pressure from the mine to deliver against an operational deadline
This is where Spartan comes in: we understand this space, we understand these challenges – and structure the funding to support their growth as SME suppliers to the mining sector.
Mining Houses
Mining houses also need to appoint emerging suppliers to their mines
- in appointing these SME suppliers – the mining houses often bears the brunt when:
- the SME supplier has inconsistent or late performance issues – due to cashflow constraints
- it’s pestered for early payments – due to suppliers’ cashflow constraints & poor planning
- our answers to this are: our specialisation in the mining industry, our structured financing options & our early payment program – for your SME suppliers
Large Mining Contractors
Large mining contractors often need to appoint SME contractors/suppliers
- in appointing these SMEs – the large contractor often bears the brunt when:
- the SME supplier has inconsistent or late performance issues – due to cashflow constraints
- it’s pestered for early payments – due to suppliers’ cashflow constraints & poor planning
- our answers to this are: our specialisation in the mining industry, our structured financing options & our early payment program – for your SME suppliers
OEMs to Mining Suppliers
OEMs often lose sales to their SME clients [i.e. SME suppliers to mines] …
- due to those SME clients not having the cash or credit limit to buy
- those SMEs clients often receive larger POs from mines – than their credit limit with the OEM will allow
- Spartan’s answer to this challenge is our financing program for orders from your SME clients
What our Mining Suppliers say …
“we needed financing that would give us more than the 1 or 2 trucks at a time – we got a contract with one of our biggest clients and they required that we should have more trucks”
“Spartan offered us the finance for the 5 trucks, we definitely wanted to get all 5 at once – since we’ve started we have never got such a big fleet from the word go in one finance application”
“the impact it has made in our business is more productivity, more income and more work … we’re also creating more jobs as we had to hire more truck drivers”
How our process works …
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conversation going …
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FAQs
Do you have some questions about our financing ..?