SME Finance Solution

Asset
Finance

Business Partners International Asset Finance provides Asset Finance ranging from US$100 000 to US$1 million to established and viable businesses. The finance can be used to purchase business equipment such as manufacturing or engineering equipment.

Asset Finance

Access equipment finance up to US$ 1 million.
About Business Partners International Asset Finance

Business Partners International Asset Finance provides Asset Finance ranging from US$100 000 to US$1 million, paid out in local currencies, to established and viable businesses. The finance can be used to purchase business equipment such as manufacturing or engineering equipment.

Kenya: KES 13 Million to KES 130 Million
Malawi: MWK 170 Million to MWK 1.7 Billion

Rwanda: RWF 130 Million to RWF 1.3 Billion

Uganda: UGX 380 Million to UGX 3.68 Billion

Namibia: NAD 1.8 Million to NAD 18 Million

We can only finance new equipment through the Business Partners International Asset Finance. Below is a list of equipment types that can be financed through this financing solution:

  • Manufacturing equipment e.g. CNC and milling machinery
  • Engineering equipment e.g. laser cutting and fabricating machinery
  • Alternative energy equipment e.g. solar panels, inverters
  • Other general equipment

To qualify, your business needs to meet the following criteria:

  • The business must be a registered entity.
  • The business should have a trading history of no less than 2 years.
  • The business must have a profitable track record.
  • The business must have a clear credit record.
  • The business must be able to pay a deposit of at least 20% of the asset purchase price and fund the VAT amount.
  • The business must be able to afford instalments based on cash flow history.

Should you not meet the criteria above, we invite you to explore alternative Business Partners International financing options.

The following documents are required to process loan applications for Business Partners International Asset Finance:

  1. Company /Close Corporation registration documents or Trust Deed and Masters Authority confirming Trustees.
  2. Certified copy or original copy of ID of beneficial shareholders.
  3. Signed Annual Financial Statements not older than 12 months from date of application.
  4. 12 months cashflow forecast of the business.
  5. Statement of assets and liabilities for all beneficial shareholders/members.
  6. Signed Management Accounts not older than 3 months from date of application.
  7. Last 12 months bank statements of the business.
  8. Confirmation of bank account details issued by the relevant bank.
  9. Quote/pro-forma invoice for the asset to be financed from an accredited supplier.

5 years on average.

Kenya: KES 13 Million to KES 130 Million
Malawi: MWK 170 Million to MWK 1.7 Billion
Rwanda: RWF 130 Million to RWF 1.3 Billion
Uganda: UGX 380 Million to UGX 3.68 Billion
Namibia: NAD 1.8 Million to NAD 18 Million

There is no minimum set for own contribution however, the gearing and other factors that affect the viability of a transaction are to be taken into consideration.

Unfortunately, we do not finance IT equipment through this financing solution.