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TESTIMONIALS

The Future of Asset Finance

EvoFin has the highest approval rate in the market!

How?

Because of our multiple funding facilities and our unique methods of gaining approvals!

Asset finance at your fingertips!
Your success is just a click away!

EVOFIN ​EVOLUTION OF FINANCING

Obtaining financing for a telecoms solution is the last thing your customers probably want to do – it is time consuming, costly and inevitably eats into financing facilities that could be put to better use elsewhere in their business.

But what if they had access to multiple funding models that were kept entirely separate from their existing facilities? What if they were offered innovative methods of gaining credit approvals? And what if they were able to ensure that any acquisitions made in this manner were able to reflect on the income statement as an expense as opposed to debt on the balance sheet?

We understand the challenges our partner’s customers face in respect of telephony purchases, which is why we have developed EvoFin, a unique financing approach that allows the customer to obtain hardware through a rental agreement. EvoFin will enable them to get the best, not only out of their telephony solutions, but out of their budget and available cash as well.

By moving the financing model from a capex one to an opex one, it ensures that the customer is able to retain existing facilities for other business purposes, rather than spending it on what is essentially a depreciating asset. Moreover, utilising a rental model means they can take the debt created by the hardware expense off-balance sheet, enabling a more tax efficient structure. Customers wanting to buy goods can utilise the EvoFin product as an alternative to either paying cash or using traditional forms of finance. EvoFin is a specialised asset finance services provider for SS Telecoms-approved dealers and partners. We have access to a broad portfolio of eight funding options, which includes several innovative methods of gaining credit approvals.

These unique assessment options include the ability to approve deals in the following ways:

  • Standard financial information
  • Credit application only
  • FNB Banked (bank statements only)
  • High risk funding vehicle
  • Individual /consumer finance
  • Property owned

For our partners, the advantages are numerous: It offers them a unique sales tool, as well as a one stop shop with a single set of paperwork. They will gain access to potential discounts and price benefits, while feeling less margin pressure. Most crucially, as it will free up cash for their customers to use elsewhere in their businesses, the potential for up-selling is increased significantly.

Naturally, it offers enormous benefits to the end-customer as well: It makes accessing the hardware much more affordable, while moving from a capex to an opex model helps them to retain cash for alternative utilisation. Moreover, it ensures that their traditional finance facilities remain untouched, should they be required for other purposes. The financing options are also designed to be tax efficient, while both the administration of, and application for, this financing is simple and easy.

KEY BENEFITS OF EVOFIN

  • Reflects as expense in the income statement, rather than the balance sheet;
  • Obtaining opex approval is generally much easier than getting capex approval;
  • Unlike with traditional financing solutions, no deposit is required; and
  • Customers are able to keep their finance facilities intact.

Assessment Categories

TRADITIONAL APPLICATIONS

  • Credit application
  • Latest 3 months bank stamped statements
  • Latest management accounts
  • Latest audited set of financial statements
    -
  • Access to 8 funding facilities
  • Unlimited capital value.

FNB BANKED

Credit application only

  • Client must bank with FNB
  • CC’S, Pty’s, Professionals
  • Maximum R2m
  • Maximum R1m per asset
  • Limited to 2 funders
  • Compulsory surety

TIER 2 FUNDER FOR HIGH RISK TRANSACTIONS

  • Credit application
  • Latest 3 months bank stamped statements
  • Latest management accounts
  • Latest audited set of financial statements
  • Resellers quotation
    -
  • Will assess deals declined by traditional funders

BANK STATEMENTS ONLY

  • Credit application
  • Latest 3 months bank stamped statements
    -
  • CC’S, Pty’s, Professionals
  • Maximum R2m
  • Maximum R1m per asset
  • Limited to 2 funders
  • Compulsory surety

PROPERTY OWNED

Credit application

  • CC’S, Pty’s, Professionals
  • Maximum R2m
  • Maximum R1m per asset
  • Limited to 2 funders
  • Compulsory surety
  • Trading min 3 years
  • Property owned

ADDITIONAL OFFERINGS

  • Insurance
  • Consumer finance
  • Forex management
  • Trade finance
  • Order finance
  • Debtors finance
  • Software finance

MONTHLY REPAYMENT CALCULATOR

Use the calculator to calculate your monthly repayments!

Enter the capital value, excluding vat in the capital value field. Click the drop-down on escalation*: 0%, 10%, or 15% and Click enter. The calculator will then give options of 36, 48 and 60 months. Prices are indicative and are subject to change.

Escalation*

0% means that the value will be the same every month for term. 10% means that the payments will start lower from year 1 and increase annually by 10%. 15 % means that the payments will start lower from year 1 and increase annually by 15%

The Future of Asset Finance is here – talk to us!

Apply now at evofin@rental.co.za
For more information email us at evofin@sstelecoms.com
If you have any queries, require training for your sales team, or would like to speak to a finance consultant, send an email to Lauren at evofin@rental.co.za

Asset finance at your fingertips!
Your success is just a click away!

 

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