Solar Finance
What is Solar Finance?
The move towards solar energy is not only environmentally friendly, it is cost-effective too. However, the transition to solar energy can initially be costly with installations, equipment etc. – this is where our finance comes in. Solar Finance accounts for the upfront capital costs related to solar energy installations, equipment purchases and even growth finance for businesses completing solar projects/contracts. Spartan SME Finance offers three funding solutions for your solar projects.
- Specialised Asset Finance – for up to 5 year finance terms
- Contract Finance – for either a once-off need or for regular use in your business
- Bridging Finance – for 1 to 3 month bridging needs
Who is it for?
For Solar Contractors…
Our Solar Finance is for businesses specialising in solar installations – we provide funding for these businesses to grow and to complete large solar contracts & projects.
For businesses with Solar needs …
We also finance businesses looking to add solar energy to their premises. We do not finance individuals seeking to incorporate solar energy into their private residence or home.
Our minimum finance criteria …
- minimum finance amount from R1M and upwards
- 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