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Asset Finance situation
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deadpoet
#1 Posted : Thursday, February 17, 2011 9:13:22 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
Hey y'all,

I'm interested in starting a printing business (banners, ads, etc) and I've identified a supplier in China. This would be for a new company.

The equipment I need amounts to Ksh 220K, but with shipping and duties the total will be in the region of 450K.

I have half the amount needed, i.e. Ksh 200K. I'm interested in approaching a bank for an asset finance loan for the remaining balance. Is that possible? Or do they generally only loan for things like cars? I have a business plan ready.

Also, what would be the best bank for this? One of the blue chip banks or the smaller banks like NIC or Credit bank?
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QD
#2 Posted : Thursday, February 17, 2011 2:58:19 PM
Rank: Member


Joined: 8/5/2009
Posts: 597
Try Nic they seem to be fair on this type en their rates not bad though.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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sumit.dpfoc
#3 Posted : Thursday, March 31, 2011 2:16:20 PM
Rank: New-farer


Joined: 3/31/2011
Posts: 6
Hi There,

I am Sam and I am a businessman. I was also in the same condition. Yes it is possible. You can approach to any bank. In fact there are many firms that provide asset finance service. My friend suggest me a firm named NGI Finance. They are really very good and professional. They have solved my financial problem. You can also do Google search for NGI Finance. I am sure they will sort out your problem and will give you a wonderful solution.
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Foz00
#4 Posted : Thursday, March 31, 2011 6:13:08 PM
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Joined: 1/13/2011
Posts: 297
Location: Nairobi
@ sumit.dpfoc are they in kenya contacts, no luck on google
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sumit.dpfoc
#5 Posted : Wednesday, April 13, 2011 2:26:33 PM
Rank: New-farer


Joined: 3/31/2011
Posts: 6
Hi Foz00,

Sorry for late reply. Unfortunately they do not provide service in Kenya.
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sunny29
#6 Posted : Tuesday, August 23, 2011 2:47:13 PM
Rank: Hello


Joined: 8/23/2011
Posts: 1
Hi
Deadpoet,
Chip blue bank is good enough and also NIC or Credit bank because the amount needed by you is not so much so you can opt for any bank depending on your choice and according to me you can also go for the Asset Finance by which you can buy or lease anything related to your industry.
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