Project Finance
Our Project Finance is a solution that assists businesses with solving cash flow issues due to growth related challenges in their business. Project 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 project finance is a match for you.
Why use Project Finance …
Project Finance has been specifically developed to address businesses cash flow challenges when taking on project and contract work. These often involve late payment terms for the end client. You may have secured a valuable deal [project or contract] and now need to get to work delivering it – but there are several new cash flow challenges …
- you need to pay your suppliers for materials/delivery
- you need to pay staff for the next 2 months
- you only receive payment from the new client after 90 days to 120 days
How Project Finance works …
If you’re at a point where you need temporary cash flow assistance due to growth in your business – then Spartan’s Project Finance helps you cross this gap.
Typical Credit Criteria
Typical Transaction Terms
who we finance …
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 don’t serve survivalist, micro and lifestyle businesses – we believe we can make a greater impact by financing Small & Growing Businesses. Small & Growing Businesses are defined as commercially viable businesses that have significant potential and ambition for growth.
you will be considered for finance if:
you will not be considered for finance if:
- Exceptions: we make regular exceptions for companies doing R5 – R10 million turnover per year – provided there is some current growth context happening [for example a contract, project or an expansion].