Do you need to acquire a specific asset, such as machinery, equipment, generators or vehicles? The bank provides asset financing facilities where the asset itself is often used as collateral to secure the credit facility.
Asset financing can be used by businesses and institutions like schools, hospitals and others to acquire assets they need to operate and grow, without having to pay the full cost of the asset upfront but rather pay the bank in installments whilst using the asset. This can be particularly useful for small and medium-sized businesses that may not have access to the capital they need to purchase expensive equipment or machine .
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