The Small Enterprise Finance Agency

The Small Enterprise Finance Agency

ASSET LOANS

sefa offers Asset Finance solutions tailored for your business’ needs. We help you to finance a wide range of new and/or used moveable assets.

The proceeds of Asset Finance are used to acquire business moveable assets (machinery and equipment). Assets purchased through this funding method must be identifiable by a means of serial numbers.

THE BENEFITS OF ASSET LOANS

Asset finance allows you to acquire or lease equipment without affecting your bank balance.

Assets acquired through asset finance can be used by sefa as security for the loan.

THE REPAYMENT TERM

You can take the loan up to a maximum of 60 months or for the economic life of the asset — whichever comes first.

TERM LOAN

Sefa’s term loans offer businesses the cash they need to buy other forms of moveable assets.

Unlike asset financing, term loans are used to acquire moveable assets that cannot be identified by means of serial numbers, such as office furniture, fixtures and fittings.

 THE BENEFITS OF TERM LOANS

Often a small business will use the cash from a term loan to buy fixed assets such as equipment used in its production process.

In addition, sefa can use assets acquired through a term loan as security for the loan.

 THE REPAYMENT TERM

Sefa’s repayment period for a term loan is between 12 and 60 months

REVOLVING LOANS

A revolving loan is a line of credit whereby the person lending the money pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for clients who have contracts with a predetermined lifespan and monetary value.

Revolving credit facilities are mainly used for operating purposes and the loan amount varies from month to month, depending on the client’s current cash flow needs.

It is money given in advance, and is primarily available to established businesses that are mainly existing sefa clients with satisfactory credit records.

THE BENEFITS OF REVOLVING LOANS

Repayments are structured in relation to the business’s cash flow projections.

THE REPAYMENT TERM

At sefa, the revolving loan repayment term has been structured to be a maximum of 12 months, or dependent on the duration of the contract.

HEAD OFFICE

Eco Fusion 5, Block D, 
1004 Teak Close, Witch Hazel Avenue
Eco Park
Centurion
0157

012 748 9600

helpline@sefa.org.za

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