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Asset Financing Loans

What is asset financing?

It refers to funding for machinery, equipment, vehicles, building offices, warehouses, factories or the development of other commercial properties.

Repayment Terms:

  • Up to 60 months for movable assets.
  • Up to 120 months for immovable assets.

Benefits:

  • Assets acquired through asset financing can be leveraged as security for the Siyakha Trust loan.
  • Access to preferential rates is credit risk dependent.

Working Capital Loans

What is working capital funding?

A working capital loan is a short-term loan that is provided to an enterprise to finance its salaries, stock and/or operating overheads specifically for operational costs linked to a new contract or increased capacity requirements.

Repayment Terms:

  • Up to 12 months

Benefits:

  • Working capital funding assists with short-term financial obligations.
  • Access to preferential rates is credit risk dependent.

Loan Consolidation

What is loan consolidation financing?

It refers to the consolidation of existing debts that entities have with other funders through loans. Sasol Siyakha provides these loans and offers competitive interest rates to the entities.

Debt consolidation will not only reduce your administrative burden of paying multiple institutions or loans but will also help you save on interest payments, therefore freeing up cash for other uses.

Additional Criteria:

  • Only debt that was used to purchase assets will be considered (overdrafts, term loans, share purchases etc. are excluded).
  • The business must still be in possession of the assets that were funded and they must be in good working condition.
  • The business will need copies of the debt agreement or contract.
  • The business will need a letter from the funder/financial institution stating the current settlement amount and your debt repayment history.

Repayment Terms:

  • The repayment terms will be based on the remaining loan term. However, your repayment period will not exceed 5 years for movable assets and 10 years for immovable assets.

Benefits:

  • Enjoy access to cheaper funding interest rates to free up cash flow.

Purchase Order Financing

What is purchase order funding?

Purchase order funding is a short-term credit facility linked to a Sasol purchase order. It is granted to SMEs to assist them in delivering on their purchase orders.

Repayment Terms:

  • Purchase order repayment terms will be dependent on purchase order terms and will be payable over a duration of no more than 12 months.

Benefits:

  • Your business will have access to interest-free loans for working capital.
  • Your business will be able to free up cash flow.

Get In Touch

To access any Sasol Enterprise and Supplier Development support services or to find out more about how our funding solutions could benefit your business, please send an email to info@esd.com or visit https://www.sasol.com/suppliers/enterprise-and-supplier-development for more information.

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Sasol Siyakha Enterprise and Supplier Development Trust is a registered credit provider in terms of the National Credit Act, registration number: NCRCP8655

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