Asset Financing in South Africa
Small Business Asset Finance
Over the past few years, we have learned so much about how startups can succeed as well as the importance of Small Medium Enterprises in the South African economy. Putting the two together, we are happy that we have been able to help so many growing businesses in need. Our trade and asset financing options have assisted many businesses who have struggled during the pandemic, and we will continue to demonstrate our eagerness to continue playing our role in improving our economy.
The importance of access to funding in South Africa whether it be small business loans, local and international trade financing, and asset financing has allowed for many small businesses to exceed expectations! As a trusted alternative lender, we want to help you accelerate this growth and let your working capital work for you.
What is Asset Finance?
Asset Finance is a type of lending that enables your business to access assets such as office equipment and machinery as well as other assets without having to purchase these assets upfront. Overall, asset finance is a great way for you and your business to get exactly what you need without having to compromise your cash flow position.
Benefits of Asset Finance in South Africa
• Reduced upfront costs needed to secure assets
• Fixed payments making cash flow and budgeting simpler to manage
• Can improve overall cash flow position
• Little to no additional security required
Asset finance is usually an attractive option for businesses who are looking to grow their business further but do not necessarily have the cash flow. Moreover, short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest assets their business requires.
How Payabill can help your small business with Asset Financing
We at Payabill want to help improve your business's cash flow and manage your supplier payments with small business finance options, such as asset financing, allowing your business to continue to thrive.
With our quick and easy application process, we are able to assist your business through our asset finance product as well as other financing options.
To apply for asset financing, and to view our other funding options click HERE.