Empowering Businesses: ICE’s Practical Approach to Asset Funding

Faced with today’s economic uncertainties, businesses need more than just a backup plan; they require a flexible strategy that can adapt to changing circumstances. This is where asset funding comes in, and ICE is leading the way in providing practical solutions that help businesses acquire and manage their assets effectively.

The aftermath of the Covid-19 pandemic left businesses grappling with uncertainty. In such times, asset funding offers a lifeline. Instead of burdening your finances with upfront costs or risking a bad standing with traditional banks because of overdrafts, ICE offers a pragmatic alternative that empowers businesses to stay resilient.

What distinguishes ICE from traditional lenders is our hands-on approach to asset funding. Unlike automated systems that might dismiss funding applications without understanding the context, ICE’s team takes a deeper dive. We recognise that your financial history has nuances that matter. This approach results in tailored funding solutions, including helping settle existing loans to secure larger ones. With our extensive experience, ICE excels in finding the right funding partner for your specific needs.

Understanding the asset funding landscape is essential for making informed decisions. ICE offers various asset finance agreements:

  1. Operating Lease/Rental: You rent an asset (off-balance sheet) and only pay for its use. You don’t own the asset at the end of the lease.
  2. Operating Lease with option of Ownership: Similar to an operating lease, but you have the option to own the asset at the end of the lease for a negotiated premium fee.
  3. Finance Lease: You rent an asset (on-balance sheet) and own it at the end of the lease. You can claim back VAT from SARS.
  4. Sale and Leaseback: You sell an asset to us to raise capital and then rent it back from us to continue using it.
  5. Installment Sale: You pay for an asset in installments and own it after the final payment. You can write off depreciation and claim back VAT.
  6. 100% Software Finance: You can finance software for 24 to 60 months, with or without hardware and services.
ICE’s strength lies in our ability to customise solutions. Each business is unique, and our suite of flexible terms and conditions reflects this. This includes options like payment holidays during slower business periods, using VAT refunds to ease repayments, incorporating residual value payments, flexible end-of-term arrangements, and more.

These solutions cater to seasonal fluctuations and specific industries, ensuring your financial structure aligns with your business’s operational needs.

ICE’s commitment also goes beyond mere asset funding. Our range of additional services, such as insurance, technical support, and maintenance, forms a comprehensive package that adds value to your assets.

In an era that demands adaptability, ICE stands ready to provide the financial framework for growth. Through our asset funding offering, we can turn financial hurdles into stepping stones, enabling opportunities for businesses like yours to thrive. Contact ICE today.