Rating based on 9 reviews


  • Business loans up to R25,000,000
  • Specialised Asset Finance
  • Repayment up to 60 months

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Spartan homepage
Author Spartan. Screenshot of Spartan website.
[Accessed January 4, 2023]

About Spartan

Spartan has been providing financial assistance to small businesses since 1981.

They have adapted to technology to give you the most effective service. Spartan provides you with a safe online solution to your business loan needs.

As an independent financial service provider (FSP) they’ve combined the structure and stability of traditional banking institutions with the flexibility of nontraditional FSPs. Spartan is a proudly level 3 B-BBEE company and a registered financial services provider.

They’re a lender who can offer you the best deal and tailor it to fit your specific needs. Spartan can offer you a business loan that’ll take into account not only the big picture but the specifics of your business.

The lifeblood of our economy

In South Africa small businesses are the lifeblood of the economy and, for our country to grow, small businesses need to be nurtured and supported.

To this end, Spartan will assist any business that has been established for three years or more with an income between R5M and R10M per year.

All business loans through Spartan will fall into one of three categories. Growth finance, specialized asset finance or working capital finance. Spartan takes a personal approach to dealing with their customers.

How you can access Spartans loans

You can apply for your business loan online or in person. Once your loan application has been completed and all your documentation has been verified by Spartan’s Credit analyst they’ll take the next step.

You can choose to meet their credit counsel in person or via skype. They’ll discuss your application with you and help you to find a loan that best suits your business needs.

Spartan’s ability to get you financed quickly and their easy 3-step application process make them the best option for your business loan.

Spartan Services

Spartan focuses on Small to Medium Enterprises (SMEs) and has come up with three categories your business loan will fall into.

This will not only assist you during your application but make tailoring a loan specifically for your needs possible.

Growth finance

This category covers the business finance you need to grow your business. If you want to add transport to your warehouse business this would be the loan you’d choose.

This category would also encompass buying out a competitor, or financing a BBEE partner’s buy-in of your company. Fuel and mezzanine finance can also be found in this category.

Specialized asset finance

Any asset that will assist your growth is included in this category. whether you need a software upgrade, new technology or machinery they cover it.

Spartan will even assist with specialized equipment that traditional lenders aren’t willing to consider.

Specialized asset finance also covers office fit-out. This option covers everything from moving to a new office space to new office furniture.

Working capital finance

Bridging finance is a loan that falls into this category.

It covers any loan needed to keep you afloat between payment of your creditors and payment from your project.

Spartan fills the gap for you while you make your business grow.

Loans between R1m and R25m are available and every loan is tailored to suit the requirements of your business.

Choosing Spartan as your FSP will allow you the security of a lender who takes your business seriously and wants to see you succeed.

Spartan – Business loan

  • Loan Type Business loans
  • Loan Amount up to R25,000,000
  • Repayment 1 month to 60 months
  • Decision 5-10 days

Benefits of Spartan

  • Growth Finance
  • Bridging Finance
  • Specialised Asset Finance

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Spartan proudly South African FSP

Applying for a business loan with Spartan is simple.

You don’t need to fill in all three forms, but it'll make the process go faster. Complete the following to get the ball rolling:

Requirements to qualify for a business loan with Spartan:

  • You must have a small to medium-sized business
  • Your business must show potential for significant growth
  • Your business must have an annual turnover of between R5m and R10m

Filling in all three sections makes the process faster. Spartan requires documentation that may vary between categories.

Documents Spartan may require to process your business loan:

  • Last 3-months bank statements
  • Personal assets and liabilities for all shareholders
  • A large purchase order or contract

Spartan doesn't provide business loans for start-ups or micro-businesses. As an authorised financial service provider, they’re dedicated to SMEs with the potential to grow. The minimum loan available is R1M and you can choose to take a long, medium or short term loan.

Benefits of Spartan Finance

  • They’re the best of both the bank and alternative finance worlds
  • Their turnaround time can be within 5-10 days
  • They’ll assess your businesses needs and structure a loan specifically to you
  • They provide a personal service
  • Applications can be done online
  • They’re willing to finance specialised equipment that doesn’t fit the norms

A few sectors that have benefitted from Spartan’s financial backing:

  • Mining
  • Technology
  • Education
  • Medical

Spartan is the lender that focuses on the growth of the small business industry and your place in it. Their service is cooperation based and revolves around structuring business loans that develop your business. Spartan has been assisting South African SMEs for 39 years and invite you to contact them to see how they can assist you.

man holding thumbs up

Spartan is a trusted & reliable provider of business loans

In our review, Spartan adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Spartan is a registered credit provider in South Africa: NCRCP8669

Customer Reviews & Testimonials

March 2020

Spartan helped us finance the move to larger premises. We can now service double the customers we could before. Thanks, Spartan!

Henk V
— Capetown —

March 2020

We applied for a loan with Spartan when we needed to upgrade our software. They came through within a few days and we are running at full capacity again!

Joseph B
— Rosebank —

November 2019

We run an electrical rewind business. We got the purchase order for a huge job for the municipality. Spartan came through and we got the stock and finished the job before the deadline.

Phumie G
— Vryburg —

Spartan Contact

Contact Number


  • not available


Physical Address

  • Spartan House 387 Jan Smuts Avenue Craighall Johannesburg 2196 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed