Need new equipment for your business but don't want to spend all your cash at once? Asset Finance might be just what you're looking for. It's a flexible way to get the tools you need to grow, without breaking the bank.
What's in it for you?
Get important equipment without a huge upfront cost
Keep your cash for other business needs
Possible tax benefits (talk to your accountant about this)
Grow your business and work more efficiently
Who can use it?
All sorts of businesses can benefit, like:
Hotels and restaurants
Property management companies
Factories and producers
Transport and logistics firms
Tech and IT services
And many more!
The details:
Loan amount: Based on what the equipment costs
How long you get the money for: Usually 12 months, but we might be able to extend
Interest rate: 30-35% per year
How you pay it back: Monthly payments of both the loan and interest
What you can use it for: Buying specific equipment (like vehicles or solar power systems)
How it works:
You find the equipment you need
You apply for financing (email [email protected])
We check if it's a good investment
If approved, we give you the money (usually 80-90% of the equipment cost)
You buy the equipment
You make monthly payments to us
Once you've paid in full, the equipment is all yours
Things to know:
The loan is for specific, identifiable equipment your business needs
You'll need to put down 10-20% of the equipment cost yourself
You'll need to insure the equipment, with Kuda as the beneficiary
You can use the equipment while you're paying us back
You're responsible for maintaining the equipment
Fees:
Processing fee: 1% of the loan amount, paid upfront
Insurance fee: Might be included in the financing
What we need from you:
The equipment itself serves as the main collateral
A personal guarantee from the company director(s)
Comprehensive insurance on the equipment
Post-dated cheques or direct debit instructions for repayments
Ready to get the equipment your business needs? Email [email protected] and let's chat!