Finance Link – Your Link to Business Finance – will assist the business owner to procure asset based finance. Asset based finance include the following:
- Loans for earthmoving equipment
- Loans for medical equipment
- Loans for factory equipment
- Loans for aircraft
- Loans for printing equipment.
This has impacted the South African economy negatively together with the Covid pandemic. Business Cash-flows have come under pressure and credit impairments are on the rise. Financial Institutions have, as a result, tightened up their lending criteria and continue to monitor closely their lending portfolios in terms of risk assessment and funding mix.
The last thing we as South African should allow is to talk ourselves into a recession. If we all start believing that things are bad, they will be bad. It is a self-fulfilling prophesy. Life goes on and the future belongs to those who plan for it and stay focussed.
Applying for finance has never been an easy process, as you are required to present the Financial Institution with meaningful information in support of your application. This information must not only project your current financial status but, of greater significance is the need to justify your capital expenditure by supporting your application with cash-flow projections and budgets indicating the impact that such capex will have on the affordability and sustainability of the business. This is where Finance Link – Your Link to Business Finance – can play a critical role in providing the Financial Institution with comprehensive and professionally drafted proposals for the finance. The aim is to answer any and all questions before they are even asked.
The intrinsic value placed on assets to be financed by the Financial Institution is very relevant when accessing the merits of the application. What must be appreciated is that the loan will represent a direct investment in the borrower’s business, which requires total financial transparency. Both parties must feel comfortable that the loan will add long term value to the business. This is where budgetary and cash flow control play a crucial role.
Possibly the most disconcerting fact regarding financing is that it has never been more difficult to obtain finance that it is at present. This situation is not likely to be alleviated soon. Present credit provision legislation places the onus on Financial Institutions to determine whether you as the borrower, are capable of repaying the finance afforded to you. For this reason Financial Institutions are now more wary when considering applications as they do not wish to run the risk of participating in any form of reckless lending.
Finance Link – Your Link to Business Finance – through its associations with most Financial Institutions and by way of many years of hands-on business banking experience of its management, has gained valuable insights into the stringent requirements and procedures of the financing sector. Entrepreneurs wishing to procure asset based finance want to be able to secure the latest technology in order to give themselves a competitive advantage, and simultaneously secure the best funding option. Finding a win-win solution for both sides is what Finance Link – Your Link to Business Finance – do best.
Finance Link – Your Link to Business Finance – offer an all-inclusive service rounded off with the all-important negotiations to secure the best possible interest rate and other terms for our clients. Remember our fees are success based.