An ideal facility when you need to acquire high value assets like motor vehicles, machinery or specialist equipment.
- 6 months active account.
- Quotation of the asset from the supplier.
- copy of latest audited accounts.
- Management accounts for the currentfinancial year,
- Cash flow projections for the next 12 months.
- Purchase of assets like vehicles, computers,machinery, etc.
- Base Rate + Risk-Based margin
- Up to 60 months for brand new assets.
- Up to 36 months for second hand assets.
- Flexible facility structure
- Normally the asset being purchased: but sometimes we requireadditional security e.g. residential property covering not less than 50% of the facility.
- You obtain the use of an asset even without acquiring it.
- You conserve capital that would have been tied in an asset if bought on cash
- A flexible repayment structure that is convenient to your cash flow pattern