We buy the assets and lease them to you for an agreed period. Once this period expires, you have the option of gaining outright ownership of the assets. This allows for acquisition and full use of assets without affecting your cash flows. The product allows the use of the leased asset for security and may have tax advantages.
How to apply
Visit your nearest Stanbic Bank branch with the following documentation:
- Audited financial statements.
- Management accounts
- Cash flow forecast for the term of the facility
- Business Profile
- Completed application form
- Certificate of Incorporation
- Memorandum & Articles of Association
- Tax Clearance Certificate