Capital Equipment News August 2018

Since venturing into capital equipment financing, ReichmansCapital has established a large portfolio of materials handling equipment.

brand reputation in its target markets, the company takes a business approach to financing and a people approach to relationships. Brett Kessel, Asset and Trade Finance at ReichmansCapital, says where banks find ways to say “no”, ReichmansCapital finds ways to say “yes” – relying on more than balance sheets when making decisions and prioritising speed, responsiveness and innovation when granting credit. The approach is informed by the company’s desire to see businesses expand, and allow firms to take part in projects that will increase their competitiveness. “We are always open to financing entrepreneurs because we are also entrepreneurs. Where banks often shy away, we take the opportunity,” says Kessel. “Traditionally we have always financed assets that don’t lose their value,” explains Kessel. “We have always offered instalment credit finance to businesses in the manufacturing, engineering, plastics, printing and packaging. However, in the past 10 years we have expanded the portfolio to include earthmoving (construction and mining), logistics and transport sectors.” Product range When it comes to asset and equipment financing, ReichmansCapital offers three major products, namely Instalment Sales, Finance Leases and Rentals (off-balance sheet financing). Typical asset and equipment financing periods are between 36-48 months, but there is flexibility to go longer or shorter to suit customer needs when required. Driven by the need to maximise flexibility, ReichmansCapital finances both new and used equipment and customers can also use paid up equipment as collateral. Key requirements include a legally-registered entity with trading experience of a minimum of two years, turnover of at least R2-million and

The transport industry is also one of the major industries with ReichmansCapital’s large portfolio of financed assets.

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A large portion of the portfolio is yellow metal assets and the rest is spread across all other industries

ReichmansCapital offers three major products, namely Instalment Sales, Finance Leases and Rentals (off-balance sheet financing)

Key requirements include a legally- registered entity with trading experience of a minimum of two years, turnover of at least R2-million and minimum equity of R1-million.

minimum equity of R1-million. According to Kessel, Financial Leases represent the majority of

Typical asset and equipment financing periods are between 36-48 months

ReichmansCapital’s deals at this stage. He tells Capital Equipment News that as companies seek new, innovative and

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