Green Economy Finance

Bridging Finance or Project Finance

for SMEs with a green business model

Specialised Asset Finance

for green solutions in your business or your clients’ business

Green Economy Finance

how Spartan helps the “green economy” ?

  • experience in financing SMEs with specialised needs such as alternative energy solutions, green building methods, etc.
  • financing for Purchase Orders, Bridging needs, and Specialised Equipment

Spartan’s role in the “green economy” sector …

The “green economy” is an important and growing component of South Africa’s economy and provides significant opportunities to SMEs working in the sector and to SMEs seeking to embrace alternative solutions and green technology in their business.

We provide finance for SMEs seeking to use green solutions, we also finance businesses that sell green solutions, services and products to other businesses.

specialist in 

green finance for SMEs

A few examples of services and products we finance in the green economy:

  • green building solutions & products

  • water management

  • solar energy

  • gas

  • battery backup & storage

  • business automation & energy efficiencies

  • waste management

  • sustainable agriculture & bioeconomy

SMEs seeking to use green solutions

As an SME wishing to switch to the offerings of the green economy you face larger upfront capex – and your financial history may not always qualify for funding for this capex.

This is where Spartan comes in: we understand the SME space, we understand the challenges – and we structure the funding to enable you to achieve your green solution goals.

Specialised Asset Finance for Green Solutions
Finance for Suppliers of Green Solutions

Suppliers/Resellers of green solutions

Suppliers/Resellers providing green services and solutions:

  1. if your business needs working capital finance or bridging finance for a project, contract or short term reason we finance businesses in the green economy
  2. if your SME client needs or wants a finance option for their green solution – most commonly this asset based finance but can also cover services, etc.

We offer a partner option for businesses that provide a product/service to their SME customers and would like to offer their customers an alternative way to pay for their products – with green finance.

SMEs with a green business model

Businesses already operating in the green economy:

  • if you need finance for your own green business expansion or growth:
    • working capital finance
    • bridging finance
    • specialised asset finance
  • we provide specialised funding to businesses already operating in the green economy and wanting to expand or grow their green operations
Finance for SMEs with a green business model

What some of our entrepreneur clients say …

“you got a big brother literally backing you – they say ‘financing that backs entrepreneurs’ and they really do”

Tshidi Mndzebele, CEO AvenirHoldings

“the ability to finance … allowed us to have more capital available to hire more teachers”

Damany Gibbs, CFO at Nova Pioneer

From a franchisee point of view finance allows them to guard their working capital more closely and take the money that they would have spent and use that cash effectively to pay for our consumers who are selling us goods or borrowing money from us”

Cash ConvertersRichard Mukheibir, MD at Cash Converters South Africa

“I definitely feel like I am being backed…  I’m not afraid of anything, if there are any new contracts I know they are a phone call away.”

Chithwa Samuel Ndwandwe, MD Sinqobile Equestrian Security

A few FAQs …

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

You can be considered for finance if:

  • minimum finance amount from R1M up to R25M
  • minimum R10M annual turnover
  • alternatively, R5M to R10M annual turnover, if there is a growth context [e.g. a contract, project or large PO]

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

Such as:

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
  • 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.

  • 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
  • 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

Contact us …

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