SME Finance Solution

Asset
Finance

Business Partners Ltd Asset Finance provides Asset Finance ranging from R250 000 to R5 000 000 to established and viable businesses. The finance can be used to purchase business equipment such as manufacturing or engineering equipment.

Asset Finance

Access equipment finance up to R5 million.
About Business Partners Ltd Asset Finance
Business Partners Ltd Asset Finance provides asset finance ranging from R250 000 to R5 million to established and viable businesses to acquire the essential equipment they need to grow their business. If needed, we also cover the VAT associated with the equipment acquisition.

The finance can be used to purchase business equipment such as manufacturing or engineering equipment. Choose us to unlock your potential today!

We can only finance new equipment through the Business Partners Ltd Asset Finance. Below is a list of equipment types that can be financed through this financing solution:

  • Manufacturing equipment e.g. CNC and milling machinery
  • Engineering equipment e.g. laser cutting and fabricating machinery
  • Alternative energy equipment e.g. solar panels, inverters
  • Other general equipment

To qualify, your business needs to meet the following criteria:

  • The business must be a registered entity.
  • The business should have a trading history of no less than 2 years.
  • The business must have a profitable track record.
  • The business must have a clear credit record.
  • The business must be able to pay a deposit of at least 20% of the asset purchase price.
  • The business must be able to afford installments based on cash flow history.

Should you not meet the criteria above, we invite you to explore alternative Business Partners Ltd financing options.

The following documents are required to process loan applications for Business Partners Limited Asset Finance:

  1. Company /Close Corporation registration documents or Trust Deed and Masters Authority confirming Trustees.
  2. Certified copy or original copy of ID of beneficial shareholders.
  3. Signed Annual Financial Statements not older than 12 months from date of application.
  4. 12 months cashflow forecast of the business.
  5. Statement of assets and liabilities for all beneficial shareholders/members.
  6. Signed Management Accounts not older than 3 months from date of application.
  7. Last 12 months bank statements of the business.
  8. Confirmation of bank account details issued by the relevant bank.
  9. Quote/pro-forma invoice for the asset to be financed from an accredited supplier.

We structure the financing term and cost of finance as part of our due diligence process and the cost of finance is adjusted for risk. Where we have paid for the VAT associated with the equipment acquisition, this is taken into account when calculating the cost of finance.

The loan term is generally over 60 months.

Business Partners Ltd Asset Finance provides finance from R250 000 to R5 000 000.

Unfortunately, we do not finance IT equipment, yellow goods and vehicles through this financing solution.