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.