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Asset leasing finance

Asset leasing finance

This product is aimed at clients who need to procure assets for the various industries in the Swazi economy e.g. forestry, agribusiness e.t.c.
Minimum :E 500 00.00
Maximum : unlimited
Repayment Period : 3 - 5 years
Security : should cover 100% of the debt
Promoter’s Contribution : 10% of the debt




Requirements

Legal documents
a) Memorandum of association
b) Certificate of incorporation
c) Form J
d) Form C
e) Tax clearance certificate
f) Trading license
Business Documents should include :
a) A business plan, an application letter and cash projection.
b) A contract document, a purchase order and letter of intent
c) A shareholders resolution to borrow
d) A contractor’s confirmation of contract
e) Company address, bankers, auditors and authorized signatories
Promoter documents should include:
a) Identity documents of shareholders and directors
b) Passport sized photos
c) Personal balance sheets of shareholders and directors
d) CV’s of shareholders and directors
e) Contact numbers and addresses of shareholders and directors
Asset Leasing
In addition to the documents listed in the general requirements, the following should also be attached:

a) 3 quotations
b) Asset model for new assets only
c) Supplier addresses and contact numbers
e) Insurance quote from AON brokers, Lidwala and SRIC
f) Quote for tracking device
Contribution documents:
a) Bank statement showing proof of 10% deposit
b) Tax invoice with serial engine numbers
c) Application fee
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