The Cullinan Financial Services division was established in 2012 with the acquisition of Glacier Enterprises (Pty) Ltd which offers import finance. The division commenced offering bridging finance, primarily on property transfers, marine finance aimed at boat building and short term project finance. The company is in the process of acquiring a term loan business which will substantially boost this division.
Glacier Enterprises finances and facilitates imports of various products on behalf of agents. The products are on sold to chain stores. The clientele and products are diverse and range from electronic goods to specialist paper and clothing. Glacier operate from the Cullinan Financial Services offices in Cape Town.
Chief Executive Officer : Lance Tollman
Cullinan Bridging Finance
Cullinan Bridging Finance is a niche financial services company. The business offers bridging finance (short term) on property transfers, offered through selected, "qualified" Attorneys. The Company offers competitive loan rates and prides itself on the speed in which loans can be approved.
Contact : Bradley Allison
Cullinan Marine Finance
Cullinan Marine Finance was established in 2012, offering a niche financial solution to boatbuilders. The business is geared to finance the building of individual boats, primarily for offshore buyers, affording the buyer security while allowing the boat builder to complete the project. Typically the term of the loan would be between one and two years.
Chief Executive Officer : Mike Karsten
Chester Finance provides short term working capital and financial backing to entrepreneurs involved in trading and manufacturing businesses. The business has successfully designed trade finance solutions for clients for more than 20 years by investing in the relationships with their clients. The time spent getting to know clients-both new and old- provides Chester with insights into the multiple facets of the individuals involved, their businesses and their visions. These insights provide the context that allows Chester to swiftly engineer trade finance structures that enable entrepreneurs to seize trading opportunities that come their way.