Asset finance
We help businesses finance the assets they need. Whether it’s to grow, become more efficient or help transition to net zero, our asset finance solutions help businesses spread the cost of capital expenditure with flexible payment options.
What is asset finance?
Asset finance is a type of financing that helps businesses get the equipment they need to run and grow their company.
It allows the business to avoid paying the full cost of the asset upfront, by instead spreading the cost over an agreed period of time. The cost of this is passed onto the borrower in the form of regular repayments, with interest applied on top.
Asset finance can be used for a wide variety of purposes, with common uses including vehicles or machinery, for business diversification and expansion.
How Asset finance works
Asset finance is a versatile solution applicable to various industries and assets, including manufacturing machinery, office equipment, vehicles, and mining gear. Let’s take a quick look at how it works:
1. Asset Selection:
- Firstly, you identify the equipment or assets your business requires, ranging from machinery to vehicles or office equipment.
2. Finance Provider Selection:
- Next, you connect with a finance provider who can assist in funding these assets. Specialized firms like NetCom can assist you by financing new assets as well as used / second-hand assets.
3. Agreement on Terms:
- You and the finance provider agree on the terms of the financing arrangement, including the duration of the contract, monthly payments, and any initial deposit.
4. Regular Payments:
- Subsequently, you make regular payments to the finance provider, typically on a monthly basis. These payments cover the usage cost of the asset along with interest.
5. End-of-Term Options:
- Upon reaching the end of the financing term, you have several options: (1) Renew the agreement to continue using the asset. (2) Return the asset if it’s no longer required. (3) Upgrade to a newer or more advanced asset.
We are willing and able to finance software for qualifying clients.
- As a principal asset financier with a 20-year asset finance track record, we have the expertise and knowledge that enable us to understand your business and transactions.
- 24-hour turnaround time on application feedback.
- Flexible deal structures and payment terms.
- Fully comprehensive insurance cover available.
- Escalations on payments to meet cash flow requirements.
- Appetite to finance a wider range of asset classes when compared to the traditional banks.
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NetCom’s Equipment Finance Solutions
NetCom offers funding and insurance for a wide variety of equipment, through the following mechanisms:
Equipment Rentals
An Equipment Rental (also known as an Operating Lease) is a cost-effective way of allowing you as the client the use of an asset (equipment) without having to outlay the full purchase price upfront. This allows you to retain your cash for working capital requirements. As a small business, you have the option (provided that your business qualifies) to treat your operating leases off balance sheet. Thus, it is possible to enjoy income tax savings by claiming rental payments as a tax expense.
For example: You need equipment for your business – perhaps it is a TLB for construction, or laptops for your staff. You don’t necessarily want to purchase the equipment with cash.
In this instance, an Equipment Rental is a feasible solution. NetCom, as the funder and Hirer, will buy the equipment you need on your behalf, and in turn you pay a monthly rental.
Benefits associated with Equipment Rentals (Operating Rentals) are as follows:
Simplified Upgrades
Say for instance you have a consultancy firm, and you currently have outdated IT equipment. You need to upgrade your IT equipment every 3 years or so to better equip your staff with the latest technology. By opting for an Equipment Rental, you can upgrade your IT equipment when needed without the burden of ownership of the equipment (where you need to physically sell your old IT equipment each time you want to upgrade).
Tax benefits
- Rentals are 100% tax deductible as an operating expense, therefore minimizing income tax obligations
- VAT is not capitalized upfront but rather paid monthly with each rental. VAT
NetCom offers funding and insurance for a wide variety of equipment, through the following mechanisms:
Equipment classes we finance
Including but not limited to:
Office Automation
Office automation is a vital aspect of the contemporary workplace, integrating advanced technology and software to streamline administrative tasks, enhance communication, and boost overall efficiency. Key components include document management systems, which facilitate efficient organization and storage of digital files, reducing manual work and minimizing errors. Virtual meeting platforms enable seamless remote collaboration and communication, breaking down geographical barriers and supporting flexible work environments.
Workflow automation tools are essential for optimizing repetitive tasks and processes, automating routine functions to speed up operations and reduce manual intervention. This not only enhances productivity but also ensures consistent performance and accuracy across tasks.
Incorporating office automation allows businesses to thrive in a digital and interconnected landscape. By utilizing these technologies, companies can manage documents, streamline communications, and automate workflows, leading to a more agile and efficient organizational structure. Embracing office automation helps businesses stay competitive, responsive, and positioned for growth in a rapidly evolving market.
Centrafin can assist by financing your office automation solutions. Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.
RENBLE ENERGY
As the world moves towards sustainable energy solution NetCom is committed to supporting businesses in their transition to renewable energy.
We offer asset finance solutions for solar power and other renewable energy equipment. Our tailored financial products are designed to make it easier for businesses to invest in green technology and reduce their carbon footprint.
By providing flexible terms and impeccable service, we help companies overcome the financial barriers associated with renewable energy projects. Our expertise in asset finance allows us to offer customized solutions that meet the unique needs of each client, ensuring they can achieve their sustainability goals.
With NetCom’s support, businesses can contribute to a greener future while also benefiting from reduced energy costs and increased operational efficiency. Our commitment to renewable energy ensures that South African businesses can stay competitive and environmentally responsible in an evolving global landscape.
NetCom can assist by financing your renewable energy solutions . Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.
security & surveilance
Security and surveillance are crucial for enhancing safety and managing risks across various settings. Essential tools in this domain include CCTV cameras, access control systems, and biometric identification technology, all of which are instrumental in protecting properties, assets, and public spaces. In South Africa, where crime prevention and security enhancement are top priorities, the deployment of cutting-edge security and surveillance equipment is vital.
Advanced security solutions, such as high-resolution CCTV systems, provide real-time monitoring and recording capabilities, enabling effective surveillance of premises. Access control systems ensure that only authorized individuals can enter secure areas, while biometric identification, including fingerprint and facial recognition technology, offers enhanced security measures by verifying identities with high accuracy.
Adopting these sophisticated security and surveillance tools is essential for maintaining safe environments and promoting public safety. They help in deterring criminal activities, monitoring potential threats, and responding swiftly to incidents. By investing in modern security technologies, organizations and communities can significantly improve their ability to protect assets and ensure the safety of individuals, aligning with South Africa’s focus on crime prevention and security fortification.
Centrafin can assist by financing your security and surveillance solutions. Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.
audio visual
Audio-visual equipment is essential for effective communication and engaging multimedia experiences. It plays a key role in presentations, events, and various professional settings. Key components include projectors, screens, sound systems, and video conferencing setups. These tools are crucial for enhancing connectivity, ensuring clear and impactful presentations, and creating immersive multimedia environments.
Projectors and screens enable high-quality visual displays, making them ideal for meetings and educational purposes. Sound systems ensure that audio is clear and well-distributed, enhancing the overall experience for audiences. Video conferencing setups facilitate seamless remote communication, allowing for virtual meetings and collaborations with ease.
Incorporating advanced audio-visual technology boosts engagement and productivity by providing reliable and effective solutions for both communication and entertainment needs. Whether for corporate environments, educational institutions, or public events, investing in high-quality audio-visual equipment ensures a superior experience and improved connectivity.
NetCom can assist by financing your audio-visual solutions. Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.
medical equipment
The healthcare industry relies heavily on advanced medical equipment to provide quality care and improve patient outcomes. NetCom offers tailored asset finance solutions for hospitals, clinics, and other healthcare providers looking to invest in the latest medical technology.
From imaging systems to diagnostic tools, our asset finance options cover a wide range of equipment essential for modern healthcare facilities. We understand that the cost of medical equipment can be a significant barrier for many providers, and our flexible financing solutions are designed to make these investments more accessible.
By offering customized repayment plans and impeccable service, NetCom helps healthcare providers acquire the equipment they need to enhance their services and stay at the forefront of medical innovation.
Our commitment to the healthcare sector ensures that providers can focus on delivering exceptional care while we handle the financial aspects of equipment acquisition. With NetCom’s support, the South African healthcare industry can continue to advance and improve patient care.
NetCom can assist by financing your medical equipment . Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.
plant equipment
Plant equipment is essential for the smooth operation of any industrial facility. NetCom provides specialized asset finance solutions for a wide range of plant equipment, including boilers, compressors, and processing machinery.
Our tailored financial products are designed to help businesses in South Africa acquire the equipment they need to maintain high levels of production and efficiency. We understand that plant equipment often represents a significant investment, and our financing options are structured to alleviate the financial burden associated with such purchases.
By offering flexible repayment terms and impeccable service, NetCom enables businesses to invest in quality equipment that ensures reliability and longevity. Our commitment to supporting the industrial sector means that companies can focus on their core operations while we handle the complexities of financing.
With NetCom, businesses can enhance their operational capabilities and drive growth through strategic investments in plant equipment.
NetComcan assist by financing your plant equipment . Contact us today to apply in 2 minutes! We can instate your facility within 24 hours.