Provides you with a medium term financing option for purchasing of assets such as equipment, machinery and vehicles, where the repayment will be derived mainly from the business’s current cash flow or incremental cash flow resulting from the asset. If suitable, the asset being purchased will be used as collateral. Otherwise alternative securities such as charge on property will be required.
- Competitive interest rates available.
- Fixed monthly repayment consisting of capital and interest
- Depending on your business and asset type, the asset may be financed under the SME Scheme, SEEREP Scheme or Bank Scheme