Asset Lease Finance
Suitable for the manufacturing, logistics and transportation sectors in the procurement of
- trucks,
- machinery and ;
- equipment.
This loan will enable your business to increase production, meet its demand and undertake its core business through the purchase of equipment, machinery, trucks, buses, mini buses e.t.c
Minimum: E 500 00.00
Repayment Period: 3 - 5 years
Security: should cover 100% of the debt
Promoter’s Contribution: 20% of the debt
Requirements
- Memorandum of association
- Certificate of incorporation
- Form J
- Form C
- Tax clearance certificate
- Trading license
- A business plan, an application letter and cash projection.
- A contract document, a purchase order and letter of intent
- A shareholders resolution to borrow
- A contractor’s confirmation of contract
- Company address, bankers, auditors and authorized signatories
- Identity documents of shareholders and directors
- Passport sized photos
- Personal balance sheets of shareholders and directors
- CV’s of shareholders and directors
- Contact numbers and addresses of shareholders and directors
In addition to the documents listed in the general requirements, the following should also be attached:
- 3 quotations
- Asset model for new assets only
- Supplier addresses and contact numbers
- Insurance quote from AON brokers, Lidwala and ESRIC
- Quote for tracking device
- Bank statement showing proof of 20% contribution
- Tax invoice with serial engine numbers
- Application fee