SGR Finance plays a strategic role by interfacing between clients and facilities. As we
use several facilities, we are able to obtain finance for clients at the most competitive
rates and beneficial approval criteria. The staff at SGR have in excess of 20 years
experience in Asset Based Finance and are able to structure any type of financial
package.
Advantages for clients:
- A rental allows the full use of the equipment, at the lowest cost possible for an
agreed upon period of time, but does not transfer right of ownership.
- The rental can be adjusted to suit the client’s pocket
- 12, 24, 36, 48 and 60-month rental periods are available.
- Escalations can be tailored to the client’s needs and linked to the rental.
- Rentals are 100% tax deductible as an operating expense.
- Rentals are not governed by capital expenditure budgets.
- Insurance cover for the new equipment may be provided.
- Usually no deposit is required.
Documentation requirements for assessment of clients
- A fully completed and signed application form
- A copy of each Member’s/Director’s ID document
- A copy of a cancelled company cheque
- If the deal is in excess of R50 000, the company’s latest audited financials are compulsory.
- If the company is less than 5 years old, financials may be asked for, as well as 3 months bank statements, regardless of the application amount.
- For sole proprietors and partnerships, a full statement of assets and liabilities and three months bank statements will be requested.
- As your finance broker we are very happy to assist in obtaining these documents
