Streaming issues? Report here
Kieno Kammies 2019 1500 BW
Today with Kieno Kammies
09:00 - 12:00
volume_up
volume_mute

Up Next: The Xolani Gwala Show
See full line-up
Today with Kieno Kammies
09:00 - 12:00
Home
arrow_forward
Business
arrow_forward
Lifestyle

Need a loan to grow your small business? There’s a pot of money waiting

23 September 2019 11:06 AM
Tags:
Small businesses
The Money Show
Bruce Whitfield
Adrian Gore
Discovery
Bidvest
Brian Joffe
SMEs
small business
sme
SA SME Fund
Spartan SME Finance
Kumaran Padayachee
Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.

We provide loans [to small businesses]. We do not invest in them… Our average loan size is about R4 million…

Kumaran Padayachee, CEO - Spartan SME Finance

We don’t fund ideas. We fund a business that is already doing something viable, and they need capital to grow… There is more money than there are viable deals… People are not presenting themselves well…

Kumaran Padayachee, CEO - Spartan SME Finance

Spartan SME Finance provides finance for small businesses.

Earlier in the year, it got R100 million from the SA SME Fund to bolster its R600 million kitty.

Spartan ringfenced half of the funding it got from the SA SME Fund Half for black African owned businesses.

pixabay.com, 2019

Discovery CEO Adrian Gore and former Bidvest Chairperson Brian Joffe founded SA SME Fund.

Forty-eight JSE-listed companies bankrolled the Fund with R1.4 billion.

The Money Show’s Bruce Whitfield interviewed Kumaran Padayachee, CEO at Spartan SME Finance for his weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and scroll down for more quotes from it).

We really scrutinise them very intensely, but very fast…

Kumaran Padayachee, CEO - Spartan SME Finance

They find us. We don’t have salespeople…

Kumaran Padayachee, CEO - Spartan SME Finance

Our bad debt write-offs are 0.25%... it’s nothing!

Kumaran Padayachee, CEO - Spartan SME Finance

We make our money on interest and fees…

Kumaran Padayachee, CEO - Spartan SME Finance

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Need a loan to grow your small business? There’s a pot of money waiting


23 September 2019 11:06 AM
Tags:
Small businesses
The Money Show
Bruce Whitfield
Adrian Gore
Discovery
Bidvest
Brian Joffe
SMEs
small business
sme
SA SME Fund
Spartan SME Finance
Kumaran Padayachee

More from ShapeShifter

were-hiringpng

Still young(ish)? Entry-level jobs available on Lulaway’s employment platform

30 September 2019 2:36 PM

Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.

Share this:
Read More arrow_forward

pape-fund-managerspng

38 deals, not one failure! – Bruce Whitfield on black-owned Pape Fund Managers

30 September 2019 11:13 AM

The Money Show’s Bruce Whitfield interviews Zuko Kubukeli, CEO at Pape Fund Managers.

Share this:
Read More arrow_forward

click-foundationpng

Grade-4s in SA don’t understand what they’re ‘reading’. Enter Click Foundation…

9 September 2019 1:38 PM

Nicola Harris (founder, Click Foundation) on her mission to radically transform educational outcomes of disadvantaged learners.

Share this:
Read More arrow_forward

pieter-de-villiers-clickatellpng

Pieter de Villiers is (yet another) South African taking Silicon Valley by storm

29 August 2019 6:29 PM

He’s the co-founder of Clickatell, global leaders in application-to-person mobile messaging and mobile transactional services.

Share this:
Read More arrow_forward

fred-roed-heavy-chefpng

Meet Fred Roed, founder of 'Heavy Chef' (SA’s most popular monthly tech event)

21 August 2019 7:09 PM

The Money Show's Bruce Whitfield interviews the author of "The Heavy Chef Guide to Starting a Business in South Africa".

Share this:
Read More arrow_forward

justin-bonellojpg

Meet braai master Justin Bonello, a great South African with a heart of gold

19 August 2019 6:06 PM

Justin Bonello (of the show "Cooked") is the founder of Neighbourhood Farm. It employs unskilled community members to farm.

Share this:
Read More arrow_forward

four-cousins-van-loverenjpg

Story of Van Loveren Vineyards and 'Four Cousins', SA's top-selling bottled wine

29 July 2019 8:28 PM

Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".

Share this:
Read More arrow_forward

Johnny Clegg1

(2017) Meet Johnny Clegg, a legend of legends on his final journey

17 July 2019 6:21 PM

[From the archives] Ray White interviewed Johnny Clegg on 27 September 2017 about his life and times and final journey.

Share this:
Read More arrow_forward

adri-williams-khayelitsha-cookiesjpg

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

9 July 2019 6:30 PM

Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.

Share this:
Read More arrow_forward

gin-bjpg

Meet Lorna Scott, woman behind the Fynbos infused gin taking the world by storm

1 July 2019 6:20 PM

South Africa is falling in love with gin. Lorna Scott is the owner of the wildly successful Inverroche Distillery.

Share this:
Read More arrow_forward