Tender Funding

do I qualify?

what is Tender Funding?

Our Tender Funding is a solution that assists businesses with solving cash flow issues due to growth related challenges in their business. We provide cash flow financing via Bridging Finance for temporary needs and Medium Term Loans. We also offer Asset Finance for a range of different assets, Software Finance for acquisition, licenses, implementation & customisation and Fit-Out Finance for all aspects of office interior fit-out and office refurbishment.

how Bridging Finance works …

If you’re at a point where you need temporary cash flow assistance due to growth in your business – then Spartan’s Bridging Finance helps you cross this gap. Should you need tender funding for a specific project or contract then Bridging Finance may be an ideal solution.

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 & any available collateral

Typical Transaction Terms

  • Loan size minimum R1M and maximum R5M

what is a Medium Term Loan?

Our Medium Term Loan is a solution that enables your business to draw on working capital finance beyond your traditional finance sources such as your overdraft or bank credit lines. This means that those avenues remain open to you to use as appropriate for their function.

A medium term loan allows your business to grow beyond the constraints of your current finance options. Typically this is used to finance the expansion and growth of your business. This loan is customised to your business’s specific growth needs and can be a tailor made solution for you.

We focus exclusively on SME’s and we back entrepreneurs – as a result we know what makes your business tick and we have extensive experience in assisting business just like yours to achieve growth though a highly customised medium term loan. So should you need tender funding a medium term loan may be an option.

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

get the tender funding your business needs ...

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