Spartan

Structured Finance that backs Serious Entrepreneurs.

Working Capital Finance, Specialised Asset Finance, Growth Finance.

First we understand you & your business – then we structure funding, whilst meeting your timeline.

Loan amounts from R1M to R75M.

do I qualify?
find out < 1 min

apply online
apply in < 12 min

understanding you

our Credit Committee interviews you in-person
[if your application progresses to Credit Committee]

structured for you

our multiple funding options/products & periods – enable us to structure funding for your context

your timeline

Our application process is designed to get you from application-to-payout swiftly. We work together to make that possible. We can only move as fast as you.

Spartan vs a Bank?

Basic/vanilla finance is not what we do – your bank does this.
We focus on growth funding in more complex contexts.
Our turn-around-time is more suited to entrepreneurs.

Spartan vs other SME funders?

We have multiple funding options [Working Capital Finance, Specialised Asset Finance, Growth Finance] – from 1 to 60 months.
Our loan sizes are larger – from R1M upwards.
Our differentiators are – our structured finance approach & our Credit Committee interviewing you.

Is it worth my effort applying to Spartan ?

If you meet our initial criteria Spartan makes the effort to engage you and understand you & your business [including being interviewed by our Credit Committee] – structure the funding for your specific context, all whilst trying to meet your timeline.

Why is your financing cost higher than a bank ?

Your business could have a range of funding needs throughout its lifetime – some of these, about a third, are basic and should be satisfied by your bank
However, any growing SME has needs that are more complex, riskier, with no/low collateral and time sensitive
In this context the funding cost is understandably higher than a bank

What is Spartan’s view on collateral & security ?

Whilst collateral is the starting point for your bank – we don’t start with collateral
Basic transactions may not require collateral – but more complex and riskier deals will
We view collateral or security as a proxy for commitment
So your ability & willingness is what counts – more than the quantity & quality

What some of our entrepreneur clients say …

“you got a big brother literally backing you – they say ‘financing that backs entrepreneurs’ and they really do”

Tshidi Mndzebele, CEO AvenirHoldings

“the ability to finance … allowed us to have more capital available to hire more teachers”

Damany Gibbs, CFO at Nova Pioneer

“we knew that when we were actually deep in the waters Spartan had come through to our rescue and we believed in the relationship we had built with Spartan … so we went back to Spartan for funding”

Glen Mavuso, MD Sonke Resources and Energy

“I definitely feel like I am being backed… I’m not afraid of anything, if there are any new contracts I know they are a phone call away.”

Chithwa Samuel Ndwandwe, MD Sinqobile Equestrian Security

“Spartan offered us the finance for the 5 trucks, we definitely wanted to get all 5 at once – since we’ve started we have never got such a big fleet from the word go in one finance application”

Lindiwe Ntsabo, MD SSN Transport

We’re registered and authorised.

Spartan is a Registered Credit Provider NCRCP8669, in terms of Section 40 of the National Credit Act 34 of 2005, as amended.

Spartan is an Authorised Financial Services Provider, with licence number 47631, in terms of Section 8 of the Financial Advisory And Intermediary Services Act, 2002 (Act No. 37 of 2002).

We are members of: Aspen Network of Entrepreneurs (ANDE); SME Finance Forum (Managed by IFC); Association of SMME Funders.

Who are you ?

You’re an established business with growth plans or sizable new project/contract/PO [you are not a start-up and not a lifestyle business]
You have some experience in applying for & obtaining business finance [and perhaps already have a business overdraft] – and therefore have a sense/understanding of the differences between your bank VS an alternative funder
You are looking for a funding partner that can understand you, your business and structure financing based on that understanding

When is the right time ?

Whilst your business is fundable/funded by banks – you also have growth funding needs that cannot be understood or satisfied by your bank
You have your latest financial info ready [ie. Annual Financial Statements, Management Accounts, Drs & Crs Age Analysis, etc]
You need R1M to R75M for a particular growth opportunity