Specialised Equipment Finance
What is Specialised Equipment Finance?
Specialised Equipment Finance is for leading-edge ‘weird & wonderful’ equipment or devices that don’t fit the conventional mould or are so new-age that they can’t be categorised yet.
So if it can’t be categorised how can it it be financed? Spartan can and does – because we have expertise in financing specialised assets.
Why get Specialised Equipment Finance from Spartan?
On of the main reasons is that we are a specialist in financing the ‘weird & wonderful’ – while traditional funders may not be able to help, or may take forever to understand your needs, we are already up to speed and providing this type of finance to businesses like yours.
Traditional financiers focus on funding vanilla/safe assets for two main reasons:
In the case of the weird & wonderful specialised equipment the challenges are:
Not all businesses need common asset types and many of them often require more specialised equipment – but what happens if you can’t get finance for it …
- your business just goes on without it – the impact is anything from loss of productivity to profits
- you use your cash reserves to pay for it – when this cashflow should be preserved for shorter term needs
Our minimum finance criteria
- minimum finance amount from R1M up to R25M
- 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