Spartan

With a vision of assisting South African entrepreneurs, Spartan opened its doors in 1981. They set out on a mission to help small and mid-sized businesses reach success. Spartan are firm believers that entrepreneurs are the cornerstones of a thriving economy.

A financier like no other

Spartan is an independent financier that has set a new standard with its approach to finance. They’re an alternative source of financing that has a customised way to cater to your individual small or medium-business-sized needs.

Spartan's approach to financing and its dedication to helping customers succeed has enabled many small and mid-sized businesses to reach their goals and dreams.

What you can expect from Spartan

Every successful company has a set of core values. These values are often a good indication of the service you can expect from them.

The value system is established and incorporated into every aspect of the company’s business conduct. With Spartan, the values are to-the-point and divided into three categories:

• The purpose – They promise to do everything within their limits to back SMEs in South Africa and to help them grow.
• The values – Spartan is dedicated and determined to treat you with honesty and respect. They’re passionate about their vision and strive to offer you innovation every step of the way.
• The vision – They strive to be the preferred choice for financing for all growing SMEs in South Africa.

The team behind Spartan’s success

Each business has a group of people that are responsible for making decisions and ensuring the success of the company.

When it comes to customer service, Spartan is committed to ensuring that you receive top-class treatment and assistance. They’re dedicated to the growth of SMEs in South Africa and continuously strive to offer you up-to-date and innovative finance solutions.

What Spartan’s purchase order finance can offer your business

If you have a purchase order for a government or corporate end-client, you need the financing for the acquisition of equipment or supplies and based upon credit approval and validity of the purchase order, you could qualify for between R1 million and R25 million in financing.

Spartan boasts an approximate pay-out time of 10 days if the qualifying criteria are met and the application procedure is followed and approved.

Purchase order finance explained

A purchase order is a form confirming an order placed for a product or service. This form is issued by a buyer to a seller. When the seller accepts the form, it serves as an agreement on the price and the quantity of a product or service.

Purchase order finance is the funding required to obtain materials, equipment, or services for the manufacturing and delivery of the order placed.

What to be cautious of when obtaining purchase order finance

When you’re a small or mid-sized SME, the last thing you need is to become a victim of fraud. There are many things to look out for but the main scams involve fraudulent suppliers. Make sure that you use trusted and well-established suppliers that have a good track record.

• Be confident – When doing a deal, stay confident and never let your guard down.
• Get advice – Gaining knowledge about the business world takes time and fraudsters can see when you are inexperienced. Be open to and ask for advice when you’re unsure.
• Spartan has your back – You can rest assured that Spartan has implemented many systems to avoid fraud and possible scams.