Spartan

Spartan finance is a titan in the business loan market.

With lending experience dating back to 1981, that’s not hard to believe. Instead of losing sight of their original goals, however, they’ve only become more focused. They pride themselves on being ⅓ female-owned, 100% black-owned, and sport a level 3 B-BBEE rating.

Spartan dedicates its service to SMEs. They believe that instead of offering quick loans to larger companies, they should focus on growth in the SME market.

Spartan makes an effort to understand you

With over 38 years of experience, Spartan has gained plenty of knowledge about lending, especially to SMEs. They use their know-how to bring tailor-made loan products to their clients. As an independent alternative financier, they offer their own brand of lending to clients with their own ideas.

They’ve grown and developed their own business style over the years. They aim to do the same for you and your business.

Adaptable and dependable

Spartan was founded with a goal to provide finance to every SME that needs it, and they’ve been doing a good job so far. An enormous amount of SMEs has grown from their business financing, and there are many more to come. Collaboration and teamwork are important to Spartan, and this shows in the way they deal with clients.

Spartan doesn’t fund corporations or larger businesses but focuses on creating sustainable business growth in smaller spaces. Their heart shows in the community outreach programs that they participate in, such as the following, to name a few:

• The Mandela Day river cleanup
• The Johannesburg Library Adult Literacy Program
• The UIV Children’s Fund
• Lerato Love Homes

Spartan has truly innovative technology on its side.

Their online lending platform has changed how SMEs get finance. Before Spartan entered the market, it could be difficult for a growing business to get a loan. That’s a worry of the past, however, with Spartan offering loans for more than R15 million to qualifying companies.

And, to top it off, your growing business can have access to that loan with a simple online loan application through their widget or mobile app.

Spartans terms of lending

Spartan’s loans come with qualifying criteria. They offer business loans up to R15 million for SMEs, which can be a life-changing amount of money. Qualifying requires your business to meet certain conditions. Your business must have been operating for at least 3 years, and have an annual turnover of at least R10 million.

Once you have met these 2 conditions, your business will be assessed in other facets to see how much you actually qualify for. Their state-of-the-art technology and their staff of trained financial professionals will determine this.

The finance Spartan offers

Spartan focuses on 3 types of finance:

1. Growth finance - for businesses looking to spread their wings
2. Bridging finance - property-backed loans for SMEs
3. Specialized Asset Finance - for SMEs looking to invest in high-end equipment and technology

For businesses that require any of the above, getting in touch with Spartan couldn’t be easier. A few clicks on their site can have you connected with a consultant in no time.