Capital Equipment News August 2018

ASSET FINANCING

A large portion of ReichmansCapital’s portfolio is yellow metal assets.

Taking a business approach to asset financing In challenging economic times, apart from navigating the economic pressures, one of the major challenges facing capital equipment driven businesses is finding finance, given that banks often have their appetite for risk at its lowest. Armed with a completely different business approach to finance, ReichmansCapital believes in opportunities not obstacles, and business instead of barriers, writes Munesu Shoko .

Y ear after year, many contractors, both large and small, list access to funding as one of their most formidable concerns facing the future of their businesses. In an environment where projects are few and far between and most of the capital equipment operators are exposed to cyclical industries such as construction and mining, they are often faced with an array of financial challenges, including credit availability or securing funds for expansion, as well as purchasing equipment to fulfil contracts. Against such a background, small businesses find themselves being denied loans because of their limited operating history, low gross margins or when their industry doesn’t fall within the bank’s criteria. In such circumstances, finding the right funder is important, and this is where innovative, specialist asset financing institutions such as ReichmansCapital come in. With over 40 years of asset and equipment finance expertise, coupled with a strong

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