Spartan

For more than four decades, since 1981, Spartan has been providing financial support to businesses in South Africa.

The company's main goal is to support entrepreneurs and contribute to the country's growth. Spartan concentrates exclusively on small and medium-sized businesses, and it’s an independent finance provider that tailors its financing solutions to suit the needs of SMEs.

Spartan's values-driven environment

Spartan's goal is to finance growth-oriented SMEs in South Africa. They operate in an environment driven by values and a clear vision, with a focused strategy and increasing commitment to deliver. It’s where dedicated individuals are empowered to make a difference and encouraged to push themselves and their colleagues to new heights.

Core values and operations at Spartan

Spartan, a company that finances entrepreneurs, has a culture that leans towards entrepreneurship rather than being overly corporate. Their core values are respect, honesty, passion, innovation, determination, and personal growth, which are all central to their operations.

Collaboration and teamwork are essential to their approach, and they’re highly adaptable. Although they emphasise personal growth through continuous learning, the company paradoxically also values structure and a process-oriented approach due to the nature of their finance business.

Financial products offered by Spartan

Spartan offers a range of financial products, including growth finance, specialised asset finance, and working capital finance. Their growth finance product is tailored to address cash flow challenges arising from business expansion.

Specialised asset finance is intended for asset financing needs beyond the standard while working capital finance supports cash flow requirements arising from business growth.

Innovation in SME financing: Spartan's fintech tools

Spartan's primary focus is on providing financing for small and medium-sized enterprises (SMEs) and entrepreneurs, and it has adeptly integrated technology into critical aspects of the SME financing process. The company has developed and implemented financial technology tools, including a comprehensive online finance application widget, an online tool for processing FICA documentation, and the ability to sign all contracts and agreements using smartphones electronically.

Spartan's mezzanine finance service caters to the financing needs of established SMEs for the long term. It offers more flexibility than traditional bank financing regarding collateralisation and repayment. Applying online for this financing solution is hassle-free, and you can determine if you’re eligible in less than a minute.

Fast business financing for immediate growth opportunities

The application process is quick and straightforward, taking less than 12 minutes to complete. You can access the required funding for various projects that promote actual growth in your business without waiting for weeks or months to secure financing.

The low-cost advantage of mezzanine finance

A key benefit of mezzanine finance is its ability to help you keep the costs of capital low. By taking advantage of this financing option, you won't have to relinquish equity or profits earned from your project. You can grow your business while maintaining control over your equity.

How mezzanine finance can help SMEs expand, invest, and hire

Mezzanine finance is a strategic solution that SMEs can use for the long term. It's ideal for businesses with experience, capacity, and ability to undertake various projects. This financing option is perfect for companies that need capital to expand, invest in new technology, or recruit new employees.

Mezzanine finance in South Africa: A strategic solution for SMEs

Although mezzanine finance is often associated with financing that merges debt and equity in a single investment, in South Africa, it serves to fill the funding gap. Spartan's mezzanine finance service does not typically form part of a layered capital structure but is designed to bridge the funding gap for SMEs in South Africa.

If you're an established SME in South Africa seeking long-term financing to take your business to the next level, Spartan's mezzanine finance service is an excellent choice. The quick and easy application process, flexible terms, and low capital costs make it an ideal way to achieve your business goals and grow your company.