What it is
Asset finance, in plain words
Also called vehicle finance or equipment finance. The business normally repays the facility monthly over an agreed term. It is usually an instalment sale, lease or other asset-backed finance, depending on the provider.
May not suit you if…
- The money is needed for something other than a specific asset (stock, invoices, general cash flow)
What you'll be asked
- Who we can help
- Registered companies (Pty Ltd or CC) trading for at least 12 months, with funding from R50,000. A Merchant Cash Advance also needs annual turnover of R600,000 or more; other funding types have their own criteria.
- Asked first
- How you're paid, how much you need, what it's for
- Asked later, if you go ahead
- Bank statements, company documents, ID
- What they'll never ask for upfront
- Money before any funding is paid out