procurement finance

Procurement Finance

Financing that backs entrepreneurs.

Our Procurement Finance is a solution that is aimed specifically at B-BBEE SMEs that need working capital/cash flow in order to carry out work and deliver on contracts that they have been awarded by either private or public sector companies. It assists black-owned businesses with solving cash flow issues due to growth related challenges in their business, such as larger contracts and projects that stretch their current working capital.

Procurement 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 Procurement Finance …

how Procurement Finance works …

If you’re at a point where you need temporary cash flow assistance due to growth in your business – then Spartan’s Procurement Finance helps you cross this gap. We do this through either Contract Finance, Bridging Finance, Specialised Asset Finance or a Medium Term Loan.

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 Procurement 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.

Procurement Finance

Our minimum finance criteria

  • minimum finance amount from R1M up to R25M
  • you are a small to mid-sized business [SME] 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]
  • read more about our Finance Criteria

get the procurement finance your business needs ...

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