Do you want to free up the working capital locked in your operating equipment or vehicles? Then this may be the option to take.
So what is a Sales & Lease/Hire Back?
This finance option is a transaction where your bank buys all or some of your companies equipment or vehicles at an agreed rice and lease/hire them back to you under a finance agreement. The facility allows you to sell your assets to raise working capital without any disruption to your operations.
So what are the benefits?
- Cash injection - raise working capital from your existing assets so you can grow your business.
- No disruption to your business – the sale and leaseback is completed without disruption to your operational assets.
- Flexible approach – sell all or part of your assets.
What are the features?
- Most depreciable assets can be funded – vehicles, plant and machinery, office and IT equipment.
Important Facts* (Information provided by National Australia Bank)
Terms and Conditions do apply to this type of finance. Request full details from your bank or finance broker. Credit approval and asset eligibility criteria apply.
Where to from here?
The information for this article has been provided by NAB. For further information on how you can secure business financing for your business, please contact Andrew Halsey, Business Relationship Manager, Telephone: 08 9333 4147 and mention that you were referred by Innova Business. |
