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Commercial Vehicle Financing

Commercial Vehicle Financing

Need to upgrade your company fleet, a new delivery van or flat-bed truck ? We’ll give you great terms on the finance plan you prefer.

What is it
  • A finance package that’s customised to the type of business vehicle you want
  • Repayment terms that suit the cash flow of your business
  • Negotiable deposits, subject to equity requirements
  • Linked or fixed interest rate
What you get
  • Flexible Payment Terms - with up to 36 months and 60 months for approved assets
  • Access to competitive interest rates
  • Access to our comprehensive dealer/partner network to help you find your desired movable assets
How to get it
  • Existing Transacting Stanbic Bank account
  • Covering letter indicating requirements and total cost of assets required (no application forms).

Business profile:

  1. Ownership / structure (%):
  2. Details of key management:
  • Position held
  • Qualifications
  • Experience
  1. Business Overview to include:
  • Nature of business
  • Period in business
  • Markets/debtors and payments terms,
  • Suppliers/creditors and payments terms,
  • Competitors/competition and industry,
  • Details any other bankers and facilities being utilised.
  • Details of key risks of the business including competition and how these risks are managed.
  • SWOT analysis
  • Strategic / future plans

Full year financial statements 2018 and 2019.

Latest management accounts – year-to-date. Please include relevant notes covering

  • Debtors, creditors age analysis
  • Other bank statements in support of revenue earned.

12 months projected cash flows – this should incorporated proposed lease rentals, see attached repayment schedule  

Additional information in support of our application:

  • Quote of asset required (brochure of asset required),
  • Contracts / agreements
  • Security required (bond over fixed property– provide copy title deed)

Comprehensive Insurance – this will be processed through our Banccassurance with NICOZ.

  • Insurance cost will be included in the application.  

Latest tax clearance certificate and that of your local supplier.

Security

  • Financed asset forms main security – asset subject to lease hire agreement. Where asset is not locally available, provide additional tangible security to cover period of importation.
  • Director/ shareholder guarantees
What we finance
  • Passenger vehicles

  • Buses, trucks and other commercial vehicles

  • Construction vehicles

  • What is it
  • What you get
  • How to get it
  • What we finance
  • A finance package that’s customised to the type of business vehicle you want
  • Repayment terms that suit the cash flow of your business
  • Negotiable deposits, subject to equity requirements
  • Linked or fixed interest rate
  • Flexible Payment Terms - with up to 36 months and 60 months for approved assets
  • Access to competitive interest rates
  • Access to our comprehensive dealer/partner network to help you find your desired movable assets
  • Existing Transacting Stanbic Bank account
  • Covering letter indicating requirements and total cost of assets required (no application forms).

Business profile:

  1. Ownership / structure (%):
  2. Details of key management:
  • Position held
  • Qualifications
  • Experience
  1. Business Overview to include:
  • Nature of business
  • Period in business
  • Markets/debtors and payments terms,
  • Suppliers/creditors and payments terms,
  • Competitors/competition and industry,
  • Details any other bankers and facilities being utilised.
  • Details of key risks of the business including competition and how these risks are managed.
  • SWOT analysis
  • Strategic / future plans

Full year financial statements 2018 and 2019.

Latest management accounts – year-to-date. Please include relevant notes covering

  • Debtors, creditors age analysis
  • Other bank statements in support of revenue earned.

12 months projected cash flows – this should incorporated proposed lease rentals, see attached repayment schedule  

Additional information in support of our application:

  • Quote of asset required (brochure of asset required),
  • Contracts / agreements
  • Security required (bond over fixed property– provide copy title deed)

Comprehensive Insurance – this will be processed through our Banccassurance with NICOZ.

  • Insurance cost will be included in the application.  

Latest tax clearance certificate and that of your local supplier.

Security

  • Financed asset forms main security – asset subject to lease hire agreement. Where asset is not locally available, provide additional tangible security to cover period of importation.
  • Director/ shareholder guarantees
  • Passenger vehicles

  • Buses, trucks and other commercial vehicles

  • Construction vehicles