Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business
fiber_manual_record
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.

In 2019, 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:


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

Humility and grit - Lessons from entrepreneur who bought first business for R1

17 February 2021 8:41 PM

Tech entrepreneur Kirsty Bisset started her business journey as a result of a challenge on The Money Show in 2012.

Share this:
Read More arrow_forward

Picked the wrong job? There's a company that pays you to quit if you're unhappy

22 October 2020 7:06 PM

'If you're happy at work it rubs off on your colleagues and clients' says Gideon Galloway, CEO of King Price Insurance.

Share this:
Read More arrow_forward

Shopping for a home loan? This bond originator pays you back up to R25,000

15 October 2020 7:15 PM

'Self-service' allows clients to benefit from taking full control of the process says MortgageMarket founder Tim Akinnusi.

Share this:
Read More arrow_forward

Amplats boss passionate about making a difference (and the smell of explosives)

27 August 2020 7:18 PM

'The pandemic is an opportunity for innovation'. Natascha Viljoen shares her life story and beliefs on The Money Show.

Share this:
Read More arrow_forward

Together we are solving diabetes, one human at a time - online coaching platform

20 August 2020 7:07 PM

Personalised one-on-one healthcare is the answer to the problems diabetics face says Guidepost CEO, Graham Rowe.

Share this:
Read More arrow_forward

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

'My single most important aim is for load shedding to disappear from face of SA'

30 July 2020 6:20 PM

The Money Show's Bruce Whitfield interviews Eskom interim chair and Health Ombud, Prof. Malegapuru Makgoba.

Share this:
Read More arrow_forward

Missing Image Placeholder

Shapeshifter: Springbok-turned-businessman, Bryan Habana

3 June 2020 8:18 PM

Former Springbok Bryan Habana about where he is at this point of his career.

Share this:
Read More arrow_forward

Gloria Serobe (Solidarity Fund) is one of SA's most important people right now

29 April 2020 8:32 PM

The Money Show’s Bruce Whitfield interviews Solidarity Fund Chairperson Gloria Serobe.

Share this:
Read More arrow_forward

Digital banks have started thriving

25 March 2020 8:33 PM

Technological advancements have made it possible for new banks to operate and flourish.

Share this:
Read More arrow_forward