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At the outset of the project, you and your vendor(s), agree with Capitas the likely duration of the project and the approximate total contract value. These facts are then used as the basis to arrange both an 'Interim Finance Facility' (IFF) for the project period and the finance contract to accommodate the completed equipment installation. The interim arrangement then allows you to commence the project, secure in the knowledge that the equipment vendor(s) can be pre-paid throughout the delivery and installation phase. Interest payments due on equipment delivered before the end of the project can be conveniently rolled into a periodic payment as part of the finance agreement.
You can concentrate on managing the project, as opposed to managing numerous finance agreements with varying payments and end dates. You also get the equipment on a 'have now pay later' basis and need not utilise valuable capital to make deposit payments.
- Particularly useful for large single or multi-site installations with purchases made over a protracted period
- Interest payments due on equipment and services deliveries over the duration of the project period are rolled into the finance arrangement
- One single finance agreement commences at the end of the project once the equipment has been successfully delivered and is in working order
- Interim facility period of typically between 3 months to 1 year followed by a finance agreement term typically over 3 to 7 years depending on asset type
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