funding your deposits for fleet acquisition

structured financing for your fleet acquisition deposits [your contribution]

funding your property acquisition & set-up

for Property Acquisition & Fit-out Finance & Warehousing Implement/Tooling Finance

funding your alternative/secondary overdraft

alleviate short-term cashflow pressure through Working Capital support

funding your payables financing for sub-contractors

extended & early payment program for subbies

how Spartan helps your industry?

  • We have over 42-years experience financing SMEs across South Africa
  • First, we understand you & your business
  • We provide structured financing for short & long term, covering your growth phases

We focus on established & experienced entrepreneurs … this is who we finance.

Our minimum finance amount is R1M and upwards. Some of our finance facilities can be structured with multiple phases &/or as revolving facilities, where appropriate.

Spartan’s backing of your logistics business …

Your logistics and warehousing business can experience unique funding roadblocks that traditional funders cannot help you overcome. This can create issues for your business and lead to stalled & unsupported business growth. Some of these issues include:

  • Deposits for fleet acquisition, which typically require you to use money designated for Working Capital or utilization of your Overdraft facility
  • Cashflow pressures resulting from onboarding new fleets, unplanned maintenance, or payment delays
  • Needing Working Capital or Overdraft to expand your enterprise footprint

Spartan understands this space and these challenges – and we structure the funding to support your growth by offering tailored financial solutions to alleviate immediate cashflow burdens and support short-term cashflow pressures.

specialist in 

funding logistics and warehousing businesses in South Africa

Funding your Deposits for Fleet Acquisition

  • Traditional financiers and OEMs typically require deposits for fleet acquisition, which would typically require you to use money designated for Working Capital/Utilisation of your Overdraft facility
  • Spartan is able to fund the shortfall on a term loan structure to alleviate the immediate cashflow burden

Funding your Property Acquisition
& Set-up

Expanding your enterprise footprint generally requires you to use your Working Capital and/or Overdraft finance facilities.

  • Traditional financiers typically require the entrepreneur to contribute to the acquisition cost [equity/own contribution]
  • They may not consider the Fit-Out costs and Warehousing Implement/Tooling costs [forklifts, overhead cranes, ERP systems, etc]
  • ERP system development & implementation costs is a long-term, capital intensive, investment that is difficult to assess for traditional funders

This is where Spartan comes in: we understand this space, we understand these challenges – and we structure the funding to support your growth.

Funding your Alternative Overdraft/Secondary Overdraft

  • There are occasions where an entrepreneur would experience cashflow pressures resulting from on boarding new fleet/unplanned maintenance/payment delays
  • Spartan offers Working Capital support to supplement your existing Working Capital facilities [Overdraft, etc] to support this short-term cashflow pressure

Funding your Payables Financing for your sub-contractors

  • Supporting your contractors can be difficult when your payment plans do not align with their budgets
  • Supply chain finance is an extension of your buyer’s accounts payable and is not considered financial debt. For your supplier, it represents a non-recourse, true sale of receivables. There is no lending on either side of your buyer/supplier equation, which means there is no impact to balance sheets

Early Payment Program – for your subbies

How it works ..?

Timelines

Move swiftly from Application-to-Payout

These are the steps/stages that drive our overall timeline:

  • Application Stage: we actively reach out to you, and request all required documents. Once received you move on to the next stage
  • Assessment Stage: a Credit Analyst meticulously assesses your application
  • Interview Stage: our Credit Committee interviews you
  • Implementation Stage: signing contracts & fulfilling approval conditions. You sign, we action
  • Pay-Out Stage: shortly after the Implementation Stage is completed

We work together to make this process as fast as possible.

Assessment

Credit Analyst engages & asseses > the Credit Committee interviews you

Once we have your application and all supporting docs a Credit Analyst reviews this and will either ask for additional docs (when required) or will arrange for a Credit Interview where you meet directly with our Credit Committee. It’s here that rubber really meets the road.

We don’t ask for business plans as we believe that by making the effort and time to understand you and your business we are in a better position to make a credit decision. In this interview we really get to understand how your business works, its strengths, challenges and if our finance can help it grow.

Pay-Out

After Term Sheet; Agreements; Conditions met

Based on a signed & completed term sheet and our compliance team having checked that all the paperwork is good-to-go… we expedite the pay-out process.

Contact us …

complete this quick form and we’ll get right back to you …

A few FAQs …

We strictly focus on established & experienced entrepreneurs … this is who we finance.

Our minimum finance amount is R1M and upwards. Some of our finance facilities can be structured with multiple phases &/or as revolving facilities, where appropriate.

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 upwards. Some of our finance facilities can be structured with multiple phases &/or 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

Our application process is designed to get you from application-to-payout swiftly. We work together to make that possible. We can only move as fast as you.

  • 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 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
  • Spartan’s application process is geared towards 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
  • tourism
  • 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