Bridging Finance

1- 3 month terms for projects or contracts

I sell products to SMEs
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bridging finance

what is Bridging Finance?

Our Bridging Finance is a solution that assists businesses with solving cash flow issues due to growth related challenges in their business. Bridging Finance is for either a once-off need or for regular use in the business - for 1 or 2 or 3 month terms. If the business is contract or project based - then our bridging finance is a match for them.

why use Bridging Finance ...

how Bridging Finance works ...

If your client is at a point where they need temporary cash flow assistance due to growth in their business - then Spartan's Bridging Finance helps them cross this gap.

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 Bridging Finance ...

So your client has secured a valuable deal [project or contract] and now needs to get to work delivering it – but there are several new challenges mostly in the form of cashflow management… they need to pay their suppliers and staff for the next 2 months but only receive payment from their new client after 90 days.

Typical reasons to use Bridging Finance:

  • capacitate with resources, stock, suppliers, etc. to deliver on the contract or project

  • once delivered they may need bridging finance due to the 30, 60 or even 90 day delayed payment from customers

  • VAT for large transactions when they invoice now and wait for payment - in the interim they still have to pay the VAT to SARS

  • between the sale of an asset (e.g. business, property, plant & equipment, etc.) and the collection of payment

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 are a small to mid-sized business 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]

you will not be considered for finance if:

  • you are a start-up
  • you are a private individual
  • you are a very large company, with more than 500 staff

get bridging finance for your client ...

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