Construction Finance
for public or private sector projects
Construction Finance
what is Construction Finance?
Construction Finance is an alternative funding solution specifically suited for the construction industry.
Construction businesses have multiple financing needs such as: project mobilisation, materials & labour, late payment terms from end-client, plant and machinery. Spartan's financing solves these needs with our structured financing approach covering: Bridging Finance, Purchase Order Finance and Specialised Asset Finance. Our funding facilities are usually structured as - Revolving Finance Facilities to continually fund construction contracts.
Construction businesses are plagued with a set of challenges that increases their complexity - and ultimately affects their cash flow. Some of these challenges are: highly competitive tender bidding, project delays (due to lack of funding or site disruptions by "construction mafia"), suppliers wanting COD or not giving terms, payment delays by end clients, project penalties and a lack of consistent project pipeline.
The construction businesses that we finance do projects covering the following areas:
Government/Public Sector
- civils construction (such as roads, bridges, etc.)
- affordable housing developments
- public sector infrastructure
Private Sector
- retail
- urban residential
- commercial & industrial
Because no two construction businesses are the same we take the time to look at the entrepreneur and we make financing decisions based on the particular business context and the nature of the project/development. We provide construction finance throughout South Africa.
how does Construction Finance work?
why get Construction Finance from Spartan?
Spartan's Construction Finance is an alternative funding solution specifically suited for the construction industry
we're open to discuss joint venture options
we have over 39 years of experience financing South African SMEs across many industries and needs
financing amounts from R5 million to R25 million [with revolving credit for even greater requirements]
Who would use this:
civil or public works construction businesses (e.g. government contracts)
businesses that focus on the private sector construction (retail, urban residential, commercial & industrial)
seeking an alternative funder to traditional financiers