{"id":22412,"date":"2022-08-31T10:18:09","date_gmt":"2022-08-31T10:18:09","guid":{"rendered":"https:\/\/swoopfunding.com\/ng\/?page_id=22412"},"modified":"2024-03-25T15:41:03","modified_gmt":"2024-03-25T15:41:03","slug":"asset-finance","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/ng\/business-loans\/asset-finance\/","title":{"rendered":"Asset finance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"22412\" class=\"elementor elementor-22412\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f0395e0 e-flex e-con-boxed e-con e-parent\" data-id=\"f0395e0\" data-element_type=\"container\" id=\"hero-title\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ba96597 e-con-full e-flex e-con e-child\" data-id=\"ba96597\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4527221 elementor-widget elementor-widget-heading\" data-id=\"4527221\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Asset finance explained<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f285ca1 elementor-widget elementor-widget-text-editor\" data-id=\"f285ca1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p style=\"text-align: center\">Buy, lease, or borrow &#8211; take the hard work out of hard assets.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-81a93c7 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"81a93c7\" data-element_type=\"section\" id=\"product-page\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2bf5df9\" data-id=\"2bf5df9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f1da56 uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"1f1da56\" data-element_type=\"widget\" id=\"styck-table-of-contents\" data-settings=\"{&quot;scroll_offset&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;115&quot;,&quot;sizes&quot;:[]},&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_offset&quot;:&quot;130&quot;,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;scroll_offset_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"500\" data-scroll-offset=\"115\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de38a9d elementor-widget elementor-widget-ucaddon_share_content\" data-id=\"de38a9d\" data-element_type=\"widget\" id=\"elem-share-content\" data-widget_type=\"ucaddon_share_content.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t<div id=\"share-content\">\n <ul>\n <li>\n <a class=\"twitter-share-button\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Asset finance\" data-size=\"large\" target=\"_blank\" rel=\"nofollow noopener\">\n <svg width=\"36\" height=\"36\" viewBox=\"0 0 36 36\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n <circle cx=\"18\" cy=\"18\" r=\"18\" fill=\"#F0F0F0\"\/>\n <path d=\"M28.2701 12.9657C27.5212 13.2949 26.7215 13.5192 25.8796 13.6216C26.7376 13.1045 27.3977 12.2896 27.7099 11.3173C26.9052 11.787 26.0133 12.1288 25.0638 12.3192C24.3056 11.5077 23.225 11 22.0251 11C19.7259 11 17.8617 12.8642 17.8617 15.1608C17.8617 15.4908 17.8998 15.8082 17.9692 16.112C14.5082 15.9486 11.4407 14.2867 9.38778 11.7743C9.02645 12.3852 8.82421 13.0952 8.82421 13.8686C8.82421 15.3157 9.56041 16.5875 10.6757 17.3347C9.99282 17.3127 9.35055 17.1249 8.79036 16.8135V16.8651C8.79036 18.8833 10.223 20.5664 12.1295 20.9498C11.78 21.0437 11.4111 21.0945 11.0328 21.0945C10.7671 21.0945 10.5124 21.0691 10.2577 21.0217C10.7916 22.6743 12.3267 23.8793 14.1536 23.9132C12.732 25.0293 10.9304 25.6945 8.99006 25.6945C8.66004 25.6945 8.33087 25.675 8 25.6378C9.85235 26.8174 12.0347 27.507 14.3948 27.507C22.0564 27.507 26.2409 21.1638 26.2409 15.6719C26.2409 15.4951 26.2409 15.3165 26.2282 15.1388C27.0414 14.5558 27.7514 13.8187 28.3099 12.9827L28.2701 12.9657Z\" fill=\"#8A9FAE\"\/>\n <\/svg>\n <\/a>\n <\/li>\n\n <li>\n <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/swoopfunding.com\/ng\/business-loans\/asset-finance\/\" target=\"_blank\" rel=\"nofollow\">\n <svg width=\"36\" height=\"36\" viewBox=\"0 0 36 36\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n <circle cx=\"18\" cy=\"18\" r=\"18\" fill=\"#F0F0F0\"\/>\n <path d=\"M19.1416 28.9999V18.9647H22.3854L22.8711 15.0537H19.1416V12.5567C19.1416 11.4245 19.4443 10.6528 21.0082 10.6528L23.0026 10.6518V7.15394C22.6575 7.10645 21.4737 7 20.0964 7C17.2209 7 15.2523 8.82249 15.2523 12.1696V15.0538H12V18.9647H15.2522V29L19.1416 28.9999Z\" fill=\"#8A9FAE\"\/>\n <\/svg>\n <\/a>\n <\/li>\n <li>\n <a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/swoopfunding.com\/ng\/business-loans\/asset-finance\/\" target=\"_blank\" rel=\"nofollow\">\n <svg width=\"36\" height=\"36\" viewBox=\"0 0 36 36\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n <circle cx=\"18\" cy=\"18\" r=\"18\" fill=\"#F0F0F0\"\/>\n <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.73 26H10.0955V14.1411H13.73V26ZM11.8887 12.686C13.1082 12.686 13.8495 11.8612 13.8495 10.8429C13.8257 9.80028 13.1082 9 11.9365 9C10.765 9 10 9.80028 10 10.8429C10 11.8612 10.7413 12.686 11.8887 12.686ZM15.8098 14.1409C15.8574 15.2083 15.9052 16.4449 15.9052 17.924V25.9998H19.5395V19.1611C19.5395 18.8214 19.5637 18.4818 19.6594 18.2394C19.9225 17.5605 20.52 16.8573 21.5243 16.8573C22.8394 16.8573 23.3656 17.9 23.3656 19.4277V25.9998H27V18.9912C27 15.4991 25.2069 13.874 22.8157 13.874C20.855 13.874 19.6832 15.0139 19.205 15.7901H19.1334L18.9657 14.1409H15.8098Z\" fill=\"#8A9FAE\"\/>\n <\/svg>\n <\/a>\n <\/li>\n <li>\n <a href=\"mailto:?Asset finance&body=Check out this article I found on the Swoop Funding blog: https:\/\/swoopfunding.com\/ng\/business-loans\/asset-finance\/\" rel=\"nofollow\" target=\"_blank\">\n <svg width=\"36\" height=\"36\" viewBox=\"0 0 36 36\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n <circle cx=\"18\" cy=\"18\" r=\"18\" fill=\"#F0F0F0\"\/>\n <path d=\"M23.625 11H12.375C10.4625 11 9 12.5 9 14.4615V22.5385C9 24.5 10.4625 26 12.375 26H23.625C25.5375 26 27 24.5 27 22.5385V14.4615C27 12.5 25.5375 11 23.625 11ZM23.625 13.3077C23.85 13.3077 23.9625 13.4231 24.1875 13.4231L18 17.6923L11.925 13.5385C12.0375 13.4231 12.15 13.3077 12.375 13.3077H23.625ZM23.625 23.6923H12.375C11.7 23.6923 11.25 23.2308 11.25 22.5385V15.8462L17.325 20C17.55 20.1154 17.775 20.2308 18 20.2308C18.225 20.2308 18.45 20.1154 18.675 20L24.75 15.8462V22.5385C24.75 23.2308 24.3 23.6923 23.625 23.6923Z\" fill=\"#8A9FAE\"\/>\n <\/svg>\n <\/a>\n <\/li>\n <\/ul>\n<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6d7e255 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d7e255\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-d2659cc\" data-id=\"d2659cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b77c2be elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"b77c2be\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n \n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b589de elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"4b589de\" data-element_type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Asset finance\",\n          \n          \"datePublished\": \"2022-08-31T10:18:09+00:00\",\n          \"dateModified\": \"2024-03-25T15:41:03+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Alastair Woods\",\n              \"url\": \"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"Alastair Woods\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\">Alastair Woods<\/a>. <span>Last reviewed on March 25, 2024<\/span>. <span>Next review due 2025.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Alastair Woods<\/div>\n <div class=\"role-user\">South Africa Lead<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/div>\n<\/div>\n\n<div class=\"modal fade modal-form modal-user\" id=\"modal-user\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-user\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n \n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Alastair Woods<\/div>\n <div class=\"role-user\">South Africa Lead<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/div>\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"text-link\">Linkedin<\/span><i class=\"icon icon-linkedin\"><\/i><\/a><\/li>\n <\/ul>\n \n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cc3458 elementor-widget elementor-widget-text-editor\" data-id=\"5cc3458\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Asset finance is a fast-growing funding choice for Nigerian businesses. With asset finance, a company uses its assets as security to borrow money or take out a loan against what they already own &#8211; making it easier to buy, use and benefit from big-ticket items such as company cars, vans, plant, and machinery. Instead of paying one large sum upfront, spread the cost over time with smaller, regular payments. Use the items as you pay for the items and take pressure off your cashflow. Alternatively, make more of the high-value items your business already owns. Use those assets as collateral for loans to help your business grow.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-57c804b uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"57c804b\" data-element_type=\"widget\" id=\"table-of-content-column\" data-settings=\"{&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c069538 question elementor-widget elementor-widget-heading\" data-id=\"c069538\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is asset finance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f61135 answer elementor-widget elementor-widget-text-editor\" data-id=\"3f61135\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Asset finance is a finance option that allows business to grow by acquiring much needed equipment such as plant machinery, vehicles, aircrafts and more. The business will pay an agreed amount over a set period of time, allowing them quicker access to the asset, without having the cost of buying outright.<\/p><p>When you need such assets, but don\u2019t want to make a large cash payment to buy them outright, asset finance can support your purchase. It does this by spreading the cost over time. You make smaller, regular payments during a fixed term. Fees and interest are charged in addition to the cost of the asset. You have full use of the asset throughout the term.<\/p><p>Equipment leasing and hire purchase are common examples of asset finance.<\/p><p>Depending on the sort of asset finance you use, responsibility for maintenance of the asset, (repairs, insurance, etc.), may rest with you or with the finance company. At the end of the term, the asset may return to the finance provider or ownership may transfer to you.<\/p><p>Alternatively, asset finance may release the cash value of an asset you already own. With this type of agreement, you transfer the asset as collateral to a lender, who provides a loan based on the asset\u2019s value. This type of loan is known as asset refinance.<\/p><p><a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/merchant-cash-advance\/\">Merchant cash advances<\/a> can be easier to obtain than traditional funding options and they\u2019re a good alternative for businesses with few assets, or limited credit history. Businesses that have been rejected for other types of funding may still qualify for a merchant cash advance.<\/p><p>Suitable for businesses with a high volume of card payments, merchant cash advances are used by many types of industry. Sole traders, partnerships and limited companies are welcome to apply.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87fdc6d elementor-widget elementor-widget-video\" data-id=\"87fdc6d\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=AZzRK9Jy-RI&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-video .elementor-widget-container{overflow:hidden;transform:translateZ(0)}.elementor-widget-video .elementor-wrapper{aspect-ratio:var(--video-aspect-ratio)}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{height:100%;width:100%;display:flex;border:none;background-color:#000}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-wrapper{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-wrapper iframe,.elementor-widget-video .elementor-wrapper video{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .elementor-open-inline .elementor-custom-embed-image-overlay{position:absolute;top:0;right:0;bottom:0;left:0;background-size:cover;background-position:50%}.elementor-widget-video .elementor-custom-embed-image-overlay{cursor:pointer;text-align:center}.elementor-widget-video .elementor-custom-embed-image-overlay:hover .elementor-custom-embed-play i{opacity:1}.elementor-widget-video .elementor-custom-embed-image-overlay img{display:block;width:100%;aspect-ratio:var(--video-aspect-ratio);-o-object-fit:cover;object-fit:cover;-o-object-position:center center;object-position:center center}@supports not (aspect-ratio:1\/1){.elementor-widget-video .elementor-custom-embed-image-overlay{position:relative;overflow:hidden;height:0;padding-bottom:calc(100% \/ var(--video-aspect-ratio))}.elementor-widget-video .elementor-custom-embed-image-overlay img{position:absolute;top:0;right:0;bottom:0;left:0}}.elementor-widget-video .e-hosted-video .elementor-video{-o-object-fit:cover;object-fit:cover}.e-con-inner>.elementor-widget-video,.e-con>.elementor-widget-video{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27d035b question elementor-widget elementor-widget-heading\" data-id=\"27d035b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is an asset?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83f3453 answer elementor-widget elementor-widget-text-editor\" data-id=\"83f3453\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tAn asset is an item of property that has intrinsic value. Buildings, vehicles, and equipment are typical examples. Businesses generally use assets to assist their day-to-day operations. You may also use them to pay off debts, secure a loan, or meet a commitment.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8d07a9 elementor-widget elementor-widget-ucaddon_a_word_from_andrea\" data-id=\"a8d07a9\" data-element_type=\"widget\" data-widget_type=\"ucaddon_a_word_from_andrea.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n<div class=\"word-from-andrea\">\n <div class=\"left-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/images\/andrea.png\" alt=\"Andrea Reynolds, Swoop\u2019s CEO & Co-Founder\" width=\"136\" height=\"136\">\n <div class=\"position\"><strong>Andrea Reynolds<\/strong><br>Swoop\u2019s CEO & Co-Founder<\/div>\n <\/div>\n <div class=\"right-info\">\n <p class=\"title-module\">A word from Andrea<\/p>\n <div class=\"description\">\n <p><em>\"With asset finance, you can leverage the value of assets such as vehicles, buildings and equipment instead of paying one large sum upfront. This allows you to spread the cost over time with smaller, regular payments. Alternatively, asset finance may release the cash value of an asset you already own. Here, you transfer the asset as collateral to a lender, who then provides a loan based on the asset\u2019s value.\"<\/em><\/p> <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d25f02e question elementor-widget elementor-widget-heading\" data-id=\"d25f02e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What types of asset finance are there?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-162f8e8 answer elementor-widget elementor-widget-text-editor\" data-id=\"162f8e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are five main types of asset finance:<\/p><ul><li><h3>Hire purchase:<\/h3><\/li><\/ul><p>Hire purchase (HP) of vehicles, plant, or equipment for your business is a similar process to buying a new kitchen or furniture for your home.<\/p><p>HP allows your company to buy a new asset in instalments instead of paying a large, upfront sum. It\u2019s a simpler form of asset finance than equipment leasing, and you end up owning the vehicle or equipment once you finish making the payments. In most cases, the asset appears as a positive item on your balance sheet from the start of the agreement, but the provider owns the asset until the last instalment is paid. This means you cannot sell the asset during the term. A small fee, called the Purchase Option Fee is often required to transfer ownership of the asset to you. This may be as low as \u20a61. With hire purchase, you are responsible for the asset\u2019s upkeep.<\/p><ul><li><h3>Finance lease, (sometimes called a capital lease):<\/h3><\/li><\/ul><p>A finance lease is an agreement where a leasing firm buys a business asset on behalf of your company and then rents it out to you. You make monthly payments for what\u2019s known as the \u2018primary rental period\u2019 until you cover the cost of the equipment, plus interest. You can then choose to extend the rental period, return the equipment, or sell the asset to a third party on behalf of the leasing firm.\u00a0In some cases, you may share in the proceeds from the sale of the asset. Note that although you may never own the asset, you are responsible for insurance and maintenance costs during the rental period.<\/p><ul><li><h3>Equipment leasing:<\/h3><\/li><\/ul><p>Equipment leasing is like finance leasing except you have the option to own the equipment at the end of the contract. Over a fixed term you rent the equipment from a vendor or a leasing firm and make regular scheduled payments for the use of the asset. The leasing firm is responsible for the maintenance of the equipment. At the end of the rental period, you can extend the lease, return the asset to the lender, upgrade the item, or buy it outright by making a balloon payment. Depending on the size of your company and its needs, you can rent everything from laptops and printers to commercial vehicles and machinery.\u00a0\u00a0<\/p><p>Because equipment lease agreements are based on the depreciation of the asset, not the full cost price, monthly lease payments are typically less than hire purchase. However, if you opt to purchase the equipment by making a balloon payment, it may work out more expensive than if you\u2019d purchased the equipment outright.<\/p><p>Equipment leasing can offer potential<a class=\"rank-math-link\">\u00a0<\/a>tax advantages and it tends to suit early-stage companies that don\u2019t have enough working capital to invest in their own assets and established SMEs seeking to upgrade their equipment.<\/p><ul><li><h3>Operating leasing:<\/h3><\/li><\/ul><p>Although similar to finance leasing, an operating lease is usually used for specialist plant or equipment that a company only wants for a limited period or that it never wants to own. You rent the asset over the short or medium term, making regular payments for the time it is in your possession. One of the biggest advantages of this type of lease is that you can upgrade the equipment regularly, sometimes even during the rental period.\u00a0<\/p><p>An operating lease may work out cheaper than a finance lease because the cost is based on the value of the equipment, but over a much shorter period. The company that rents you the equipment is responsible for its maintenance.<\/p><ul><li><h3>Asset refinance:<\/h3><\/li><\/ul><p>Asset refinancing falls into two categories. In the first a company pledges its assets as security against a loan. The assets become collateral. This means the lender may sell the assets to recover their funds if you default on the loan. Once the principal, fees and interest have been repaid, the asset returns free and clear to you. Buildings, land, future contracts, unsold stock, plant, and equipment can all be used as collateral and because the loan is secured by hard assets, costs are usually lower than they are with other types of business financing.<\/p><p>The second category of asset refinance is called asset-based lending, or sale and hire purchase back. In this type of agreement, you sell a hard asset to a specialist finance company for an agreed lump sum. You then lease back the asset from the finance provider \u2013 which repays the lump sum. This circular arrangement allows you to free up a large sum of cash, pay it back in small increments over a long period of time, and use the asset during the repayment period.<\/p><p>At the end of the repayment period, the loan may be cleared, but the finance company now owns the asset. You may choose to continue to rent the asset, walk away from the asset, or buy it back for an agreed sum.<\/p><ul><li><h3>Contract hire, (or vehicle asset finance):<\/h3><\/li><\/ul><p>Designed for businesses seeking to reduce the time-consuming tasks of sourcing and maintaining their own fleets, contract hire is strictly for vehicles. With this type of asset financing, a provider finds and maintains the vehicles for the business, who then pay regular instalments over an agreed lease term. Fleet management services may be included in the contract hire costs. At the end of the leasing period, the provider assumes responsibility for the disposal of the vehicles.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3555c9e question elementor-widget elementor-widget-heading\" data-id=\"3555c9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does asset finance work in Nigeria?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed5ea58 answer elementor-widget elementor-widget-text-editor\" data-id=\"ed5ea58\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The asset finance industry is a core driver of the Nigerian economy. Vehicle and Asset Finance (VAF) includes the leasing and hire purchase of everything from construction machinery and agricultural vehicles to IT systems and aircrafts.<\/p><p>The reasons for its importance are obvious. Asset financing makes the purchase of big-ticket items easier and it lets you benefit from the asset as you pay for it. Your capital is not locked up in a large purchase that may be depreciating in value, and asset-security means you pay less interest and fees.<\/p><p>Swoop works with a wide variety of asset finance companies in Nigeria. Many of them specialise in specific areas of industry or type of agreement.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02362d4 question elementor-widget elementor-widget-heading\" data-id=\"02362d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the advantages of asset finance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a05c22d answer elementor-widget elementor-widget-ucaddon_pros\" data-id=\"a05c22d\" data-element_type=\"widget\" data-widget_type=\"ucaddon_pros.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t \n <div class=\"pros\">\n <div class=\"header-pro\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/images\/pros.svg\" width=\"72\" height=\"72\" alt=\"Pros\">\n <p class=\"title\">Pros<\/p>\n <\/div>\n <div class=\"content-pro\">\n <ul>\n<li>Small, or zero upfront cost to purchase big-ticket items<\/li>\n<li>Spreads the cost over time<\/li>\n<li>Simplifies costs, supports cashflow, aids growth<\/li>\n<li>No need for extra collateral. The asset is the collateral<\/li>\n<li>In many cases, the expense of maintenance is borne by the finance company, not you (depends on the type of finance chosen)<\/li>\n<li>Releases capital for use elsewhere in your business<\/li>\n<li>Depending on the type of finance selected, asset depreciation may fall to the finance provider, not to you<\/li>\n<li>With some types of asset finance, the provider must replace the item if it becomes faulty during the rental or loan period<\/li>\n<li>Can be cheaper than other forms of business financing.<\/li>\n<\/ul> <\/div>\n <\/div>\n \n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f0ce69 question elementor-widget elementor-widget-heading\" data-id=\"0f0ce69\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the disadvantages?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0bf306 answer elementor-widget elementor-widget-ucaddon_cons\" data-id=\"f0bf306\" data-element_type=\"widget\" data-widget_type=\"ucaddon_cons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t \n <div class=\"cons\">\n <div class=\"header-cons\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/images\/cons.svg\" width=\"72\" height=\"72\" alt=\"Cons\">\n <p class=\"title\">Cons<\/p>\n <\/div>\n <div class=\"content-cons\">\n <ul>\n<li>The provider owns the asset until it is paid for in full, or you may never own it at all (depends on the type of finance chosen)<\/li>\n<li>If you fail to keep up the payments, the provider may repossess the asset<\/li>\n<li>Most asset financing is not short-term. Although it is possible to obtain asset-financing of less than 12 months, the minimum term is usually one year. With most types of asset financing, the terms are much longer<\/li>\n<li>Depending on the type of asset finance selected, you may be liable for damage to the asset that falls beyond the scope of the agreement<\/li>\n<li>There may be limits on the use of the equipment (the annual mileage on a vehicle for example). Going beyond the limits could leave you with a large bill to pay at the end of the contract term.<\/li>\n<\/ul> <\/div>\n <\/div>\n \n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f68f80 question elementor-widget elementor-widget-heading\" data-id=\"7f68f80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can my assets be repossessed?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a122ac answer elementor-widget elementor-widget-text-editor\" data-id=\"6a122ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As with any <a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/secured-business-loans\/\">secured loan<\/a>, the assets provided in an asset-financing agreement are either owned or transferred to the lender until the contract ends. If you default on the loan, or if you breach other aspects of the agreement, (such as failure to insure), the lender may repossess the asset to recoup their funds. This could harm your business if the asset is a vital piece of equipment.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0509722 question elementor-widget elementor-widget-heading\" data-id=\"0509722\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset-based financing \u2013 an example\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b553dc answer elementor-widget elementor-widget-text-editor\" data-id=\"8b553dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>An engineering firm has a large inventory of high-value machinery. Bought for cash, the equipment is owned free and clear. The company needs to expand to protect its market share. Unable or unwilling to pay for the expansion from normal operating income, the business opts for asset refinance, using the machinery as security. The company pledges the equipment as collateral for a loan, which it then uses to grow the business in new territories. The company still uses the machinery as the loan funds the expansion. The company makes regular repayments until the loan and interest are paid back and ownership of the machinery is transferred back to the business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b13c31e question elementor-widget elementor-widget-heading\" data-id=\"b13c31e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset-backed financing in Islamic banking\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cf824d answer elementor-widget elementor-widget-text-editor\" data-id=\"5cf824d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Because Islamic (Shariah) law prohibits the payment or receipt of interest, financial speculation, and investment in socially detrimental activities, all financing in Islamic banking is asset-backed financing. In practice, this means any business that operates under the rules of Shariah and that wishes to acquire vehicles or equipment, or obtain a loan secured by an asset they already own, will not pay interest on the agreement. Instead, they will pay a margin (profit) on the value of the asset to the financier who provides the assets or the cash. To facilitate this, the asset must always transfer to, through or be owned by the financier.<\/p><p>An example: a company that adheres to Shariah law needs new equipment. A financier buys the machinery for the business, adds a margin, then lends or rents the asset to the company who pay back the cost of the equipment + margin in regular payments. In practice this method may appear the same as standard interest-bearing financing, but because there is no interest charge on the \u2018time-use\u2019 of money to buy the machinery, the agreement performs to Islamic law. These rules apply regardless of the type of asset financing used. In the case where a business that adheres to Shariah law wishes to raise cash using their own assets as collateral, the financier will acquire ownership of the asset, add a margin, then \u2018re-sell\u2019 the asset back to the business. Assets are central to Islamic finance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b47466b question elementor-widget elementor-widget-heading\" data-id=\"b47466b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is short-term asset finance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a0e274 answer elementor-widget elementor-widget-text-editor\" data-id=\"4a0e274\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Short-term asset finance can work in two ways: A short term loan, (less than 12 months), to provide cash to a company that offers its assets as collateral, or as a short-term lease on equipment that a company needs for less than a year.<\/p>\n<p>A short-term loan can provide cash to fill a gap in cashflow or fund an immediate need. A short-term lease can enable a business to fulfil an order without buying equipment they may not need again.<\/p>\n<p>Although most asset finance agreements are for a year or much longer, Swoop works with a network of lenders who can provide short-term asset financing.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c688587 question elementor-widget elementor-widget-heading\" data-id=\"c688587\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset-based refinancing vs. factoring\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9337d43 answer elementor-widget elementor-widget-text-editor\" data-id=\"9337d43\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Because both methods use assets as their platform, it is sometimes assumed that asset-based financing and the factoring of account receivables are the same. However, there are different benefits, costs, and risks.<\/p>\n<p>In factoring, a business sells their account receivables to a lender, who then advances a percentage of each invoice back to the business, (typically 75% to 90% depending on the financial strength of the company\u2019s customers). Invoice payments go to the lender, who subtract their fee before passing any residual cash back to the company.<\/p>\n<p>With asset-based refinance, the company offers the assets they own as collateral for a loan. The company\u2019s customers are not involved in the transaction. How much the lender will loan to the business is dependent on the value of the assets offered as security.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1722ba8 question elementor-widget elementor-widget-heading\" data-id=\"1722ba8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The risk of financing long-term assets with short-term liabilities<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72e8e7e answer elementor-widget elementor-widget-text-editor\" data-id=\"72e8e7e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When a business takes out a loan that will need repayment sooner than the benefits of the loan drive income to the company, it can be said that the business is funding long term assets with short term liabilities. This can be dangerous to the company\u2019s health and in financial terms, it is called a \u2018maturity mismatch\u2019.<\/p>\n<p>Sound confusing? It isn\u2019t. Here\u2019s an example of what this means: a company takes out a loan to build a new plant. The loan must be paid back in 36 months. However, the new plant will not generate any new income for at least five years. This means the loan will drain current operating income long before the new plant will increase turnover. The maturity of the loan (36 months) does not match the maturity of the new plant (60 months). This is a maturity mismatch.<\/p>\n<p>The implications for this are obvious: Funding long term projects with borrowing (a liability) that must be repaid before the project can deliver added income, could drive the business into insolvency.<\/p>\n<p>To avoid this risk, factor the maturity of the asset into any borrowing you consider. Match the term of the loan to the time it will take for your new asset to bring added income.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e17805 question elementor-widget elementor-widget-heading\" data-id=\"4e17805\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the rates?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-529598d answer elementor-widget elementor-widget-text-editor\" data-id=\"529598d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Asset financing rates vary depending according to the deal. However, because the loan is backed by a hard asset (in the case of hard asset finance), the interest rates are usually lower than many other forms of business funding.<\/p>\n<p>APR% for loans to purchase vehicles and equipment are often more expensive than asset-refinance loans, where the lender has provided cash against the value of a company\u2019s assets. HP and lease rates take the credit score of the individual (sole traders and many partnerships), or the company into consideration, as well as the type of item being purchased. Rates typically vary from 3% for borrowers with excellent credit, all the way up to 50% for those with poor credit. Interest rates on asset refinance loans can vary from 2% to 15% depending on the assets offered as security.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40005cb question elementor-widget elementor-widget-heading\" data-id=\"40005cb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get asset finance with bad credit?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d1a20 answer elementor-widget elementor-widget-text-editor\" data-id=\"16d1a20\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Probably. It depends on the type of asset-finance you are seeking and the status of your business. If you are intending to use high-value assets that your business already owns as collateral for a loan, the lender\u2019s decision will be based on the value of the asset. Your personal credit rating is not a factor. However, even though the loan is secured by collateral, lenders will usually still ask to see your accounts. They want to know your business has the capability to make the regular payments.<\/p>\n<p>If you are seeking to acquire vehicles or equipment via hire purchase or leasing, and you operate as a sole trader or partnership, you should expect your personal credit to play a factor in the lender\u2019s decision. If your business is a limited company, the credit rating of the business is more important to the lender. In every case, the lender or provider will need to be assured that you can pay the regular instalments. They do not want to have to repossess the asset. Even with a limited company, your personal credit may be a factor if you are asked to provide a personal guarantee.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa5473f question elementor-widget elementor-widget-heading\" data-id=\"aa5473f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can a small business\/startup get asset finance?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fce6ae8 answer elementor-widget elementor-widget-text-editor\" data-id=\"fce6ae8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Yes. The equipment acts as security for the financing. For <a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/small-business-loans\/\">small businesses<\/a> and startups, using asset finance to acquire the essential vehicles and equipment you need makes business sense. Why sink valuable cash in a long-term purchase when those funds can be used elsewhere to grow your company? Hire purchase, asset refinance and leasing options are available to sole traders, partnerships, and limited companies, regardless of their length of time in business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-deeb631 question elementor-widget elementor-widget-heading\" data-id=\"deeb631\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much can I borrow?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cbfec9 answer elementor-widget elementor-widget-text-editor\" data-id=\"6cbfec9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Swoop works with lenders who offer loans from as little as \u20a610,000 all the way up to \u20a610m and more. The amount you can borrow will depend on the strength of your business, the type of asset finance you are looking for, what is being purchased or offered as security, and the value of the assets.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3810170 elementor-widget elementor-widget-heading\" data-id=\"3810170\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Asset finance calculator<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0320ca5 elementor-widget elementor-widget-text-editor\" data-id=\"0320ca5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Use our handy asset finance calculator to get an understanding of how much your loan might cost.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd78d8e elementor-widget elementor-widget-ucaddon_asset_finance_calculator\" data-id=\"dd78d8e\" data-element_type=\"widget\" data-widget_type=\"ucaddon_asset_finance_calculator.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n \n <div class=\"asset_finance_calculator form-calculator\">\n <div class=\"left_column\">\n <form id=\"asset_finance_calculator\">\n\n <div class=\"form-group\">\n <label for=\"typeOfAsset\">Type of asset?<\/label>\n <select name=\"typeOfAsset\" id=\"typeOfAsset\" class=\"form-control custom-select-arrow\" required>\n <option value=\"0\">Select<\/option>\n <option value=\"4.1\">Plant and machinery<\/option>\n <option value=\"3.9\">Vehicles<\/option>\n <option value=\"4.3\">IT equipment<\/option>\n <option value=\"4.5\">Soft assets<\/option>\n <option value=\"3.7\">Others<\/option>\n <\/select>\n <\/div>\n\n <div class=\"form-group\">\n <label for=\"financeAmount\">Finance amount<\/label>\n\n <div class=\"input-group mb-3\">\n <div class=\"input-group-prepend\">\n <span class=\"input-group-text\">\u20a6<\/span>\n <\/div>\n <input id=\"financeAmount\" type=\"text\" class=\"form-control mask-money\" aria-label=\"Finance amount\" value=\"10,000\" inputmode=\"numeric\">\n <\/div>\n\n <\/div>\n\n\n <div class=\"form-group\">\n <div class=\"label_and_numbers\">\n <label for=\"financeLength\">Finance length<\/label>\n <div class=\"tag-number\">\n <span id=\"financeLengthDisplay\" class=\"value-tag\">-<\/span> months <\/div>\n <\/div>\n <div class=\"input-group mb-3\">\n <input type=\"range\" min=\"12\" max=\"84\" value=\"12\" class=\"slider\" id=\"financeLength\" step=\"12\">\n <\/div>\n <\/div>\n\n <p class=\"note-calculator\" style=\"margin-bottom: 15px;\">*This interest rate is for illustrative purposes, your interest rate may differ and will be confirmed during your application.<\/p>\n\n <\/form>\n <\/div>\n <div class=\"right_column\">\n <p class=\"title\">Your results<\/p>\n <div class=\"show-number\">\n <p class=\"title-result\">Finance amount<\/p>\n <p class=\"number-result\">\u20a6<span id=\"financeAmountDisplay\">-<\/span><\/p>\n <p class=\"title-result\">Estimated interest<\/p>\n <p class=\"number-result\"><span id=\"estimatedInterestDisplay\">-<\/span>%<\/p>\n <p class=\"title-result\">Total repayable<\/p>\n <p class=\"number-result\">\u20a6<span id=\"totalRepayableDisplay\">-<\/span><\/p>\n <p class=\"title-result\">Monthly payments<\/p>\n <p class=\"number-result\">\u20a6<span id=\"monthlyPaymentsDisplay\">-<\/span><\/p>\n <\/div>\n \n <a href=\"#\" id=\"form_modal\" class=\"btn btn-lg btn-dark btn-block\">Get a quote<\/a>\n \n <\/div>\n <\/div>\n\n <div class=\"modal fade modal-form\" id=\"modal_form_asset_finance\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal_form_asset_finance\" aria-hidden=\"true\">\n <div class=\"modal-dialog\" role=\"document\">\n\n <div class=\"modal-content\">\n <div class=\"modal-header\">\n <button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\n <span aria-hidden=\"true\">&times;<\/span>\n <\/button>\n <\/div>\n <div class=\"modal-body\">\n <div class=\"inputs-modal\">\n <form id=\"form-asset-finance-calculator\" action=\"\/\" method=\"POST\">\n <input type=\"hidden\" id=\"first_name\" maxlength=\"40\" name=\"first_name\" size=\"20\" \/>\n <input type=\"hidden\" id=\"last_name\" maxlength=\"80\" name=\"last_name\" size=\"20\" \/>\n <input type=\"hidden\" name=\"00N8e000000m1Yo\" id=\"00N8e000000m1Yo\"> \n <input type='text' name='source_marketing_website' id='source_marketing_website' value='NG'>\n <div class=\"step-1\">\n <p class=\"title-modal text-center\">Register your details and a Swoop Funding Manager will be in touch<\/p>\n \n <input type=\"text\" id=\"amount_of_funding_required\" name=\"amount_of_funding_required\" class=\"invisible\">\n <input type=\"text\" id=\"finance_length\" name=\"finance_length\" class=\"invisible\">\n <input type=\"text\" id=\"type_of_asset\" name=\"type_of_asset\" class=\"invisible\">\n\n <div class=\"form-group\">\n <label class=\"label-fake\">\n <span class=\"inside-fake\">Name:<\/span>\n <input id=\"name\" type=\"text\" class=\"form-control\" name=\"name\" placeholder=\"Name\" required>\n <\/label>\n <\/div>\n <div class=\"form-group\">\n <label class=\"label-fake\">\n <span class=\"inside-fake\">Business name:<\/span>\n <input id=\"company\" type=\"text\" class=\"form-control\" name=\"company\" placeholder=\"Business name\" required>\n <\/label>\n <\/div>\n <div class=\"form-group\">\n <label class=\"label-fake\">\n <span class=\"inside-fake\">Email:<\/span>\n <input id=\"email\" type=\"email\" class=\"form-control\" name=\"email\" placeholder=\"Email address\" required>\n <\/label>\n <\/div>\n <div class=\"form-group\">\n <label class=\"label-fake\">\n <span class=\"inside-fake\">Phone number:<\/span>\n <input id=\"phone\" type=\"text\" class=\"form-control\" name=\"phone\" placeholder=\"Phone number\" required>\n <\/label>\n <\/div>\n\n <div class=\"footer-form\" style=\"margin-top:20px;\">\n \n<div class=\"form-group margin-mobile\">\n <div class=\"form-check\">\n <input class=\"form-check-input form-inputs\" type=\"checkbox\" name=\"marketingconsentaccepted\" id=\"marketingconsentaccepted\">\n <label class=\"form-check-label small-label\" for=\"marketingconsentaccepted\">\n Send me updates on products, news and information on selected partners. <\/label>\n <\/div>\n\n <div class=\"form-check\">\n <input class=\"form-check-input form-inputs\" type=\"checkbox\" name=\"privacypolicyaccepted\" id=\"privacypolicyaccepted\" required>\n <label class=\"form-check-label small-label\" for=\"privacypolicyaccepted\">\n By clicking this button, you agree to our <a href=\"https:\/\/swoopfunding.com\/ng\/privacy-policy\/\" target=\"_blank\">Privacy policy<\/a> & <a href=\"https:\/\/swoopfunding.com\/ng\/terms-and-conditions\/\" target=\"_blank\">Terms of use<\/a>.\n <\/label>\n <div class=\"check-valid\"><\/div>\n <\/div>\n<\/div>\n <div class=\"out-buttom\">\n <input type=\"submit\" class=\"btn-register btn btn-primary btn-gradient btn-lg\" value=\"Get a quote\">\n <\/div>\n <\/div>\n \n <\/div>\n <div class=\"step-2 d-none\">\n <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/images\/success.svg\" alt=\"Success\">\n <h2>Thanks for registering.<\/h2>\n <p>We'll get back to you straight away<\/p>\n <a href=\"https:\/\/southafrica.swoopfunding.ng\/stage\/\" class=\"btn btn-lg btn-dark btn-block\" target=\"_blank\" rel=\"noopener\">Join Swoop<\/a>\n <\/div>\n <\/form>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e231415 question elementor-widget elementor-widget-heading\" data-id=\"e231415\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is my business eligible?\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c298808 answer elementor-widget elementor-widget-text-editor\" data-id=\"c298808\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you have a business that can meet its financial obligations, the answer is yes. No matter if you are a sole trader, a partnership, a limited company or even a new startup, there are types of asset-finance and a variety of lenders to fulfil every need.<\/p>\n<p>Calculating the best type of asset finance, the lowest rates, and the ideal lender for your business can be very time-consuming. Ask Swoop to do the hard work for you.\u00a0<a class=\"rank-math-link\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">Register<\/a>\u00a0to get the funding you need to make your business grow.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fded21 elementor-widget elementor-widget-spacer\" data-id=\"5fded21\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0129e95 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"0129e95\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg\" data-lazy-src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2023\/10\/IMG_2498-scaled-e1697039003508.jpg?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\"><\/a>\n <\/div>\n \n <div class=\"right-info\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/\">Alastair Woods<\/a><\/h3>\n <p>Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/p>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/ng\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-0473ede e-flex e-con-boxed e-con e-parent\" data-id=\"0473ede\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-50d0cce open banner-product elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"50d0cce\" data-element_type=\"container\" id=\"sticky-banner\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e5b629 elementor-widget elementor-widget-image\" data-id=\"1e5b629\" data-element_type=\"widget\" id=\"close-sticky\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/close.svg\" title=\"close\" alt=\"close\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6252bd elementor-widget elementor-widget-heading\" data-id=\"a6252bd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Get your free asset finance quote today<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-75796f9 sticky-info e-con-full e-flex e-con e-child\" data-id=\"75796f9\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-c29e662 e-con-full e-flex e-con e-child\" data-id=\"c29e662\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-31da310 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"31da310\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2021\/02\/icon1.svg\" title=\"icon1\" alt=\"icon1\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c60f206 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"c60f206\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Apply in minutes<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-da234c5 sticky-info e-con-full e-flex e-con e-child\" data-id=\"da234c5\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-ef9de7e e-con-full e-flex e-con e-child\" data-id=\"ef9de7e\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6989f8b elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"6989f8b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"45\" height=\"42\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2024\/03\/icon-ng-1.svg\" class=\"attachment-full size-full wp-image-39695\" alt=\"Currency NG\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9753c9 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"c9753c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">FREE no obligation, personalised<br>quote<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b51bb7 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1b51bb7\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get a quote<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-81ffc7c elementor-hidden-mobile e-con-full e-flex e-con e-child\" data-id=\"81ffc7c\" data-element_type=\"container\" id=\"sticky-banner-mini\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a6db387 elementor-widget elementor-widget-image\" data-id=\"a6db387\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"28\" height=\"28\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/plus.svg\" class=\"attachment-full size-full wp-image-20027\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8b4ebf elementor-widget elementor-widget-heading\" data-id=\"d8b4ebf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">G<br>E<br>T<br><br>Q<br>U<br>O<br>T<br>E<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0a1116a e-flex e-con-boxed e-con e-parent\" data-id=\"0a1116a\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a9fa6b6 e-con-full e-flex e-con e-child\" data-id=\"a9fa6b6\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9349126 elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"9349126\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/08\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-19975\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5993a6c elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"5993a6c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Create your free Swoop account to easily apply for asset finance<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9772ec elementor-widget__width-auto bt-form-45 elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"a9772ec\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8407027 e-flex e-con-boxed e-con e-parent\" data-id=\"8407027\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1b0f5de elementor-widget elementor-widget-template\" data-id=\"1b0f5de\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"container\" data-elementor-id=\"26781\" class=\"elementor elementor-26781\">\n\t\t\t\t<div class=\"elementor-element elementor-element-409cdfc8 e-flex e-con-boxed e-con e-parent\" data-id=\"409cdfc8\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6842632 e-flex e-con-boxed e-con e-parent\" data-id=\"6842632\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1287855c elementor-widget elementor-widget-heading\" data-id=\"1287855c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<span class=\"elementor-heading-title elementor-size-default\">We have a wide range of loan options<\/span>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2519b983 e-flex e-con-boxed e-con e-parent\" data-id=\"2519b983\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-12128954 elementor-widget elementor-widget-ucaddon_pages_related\" data-id=\"12128954\" data-element_type=\"widget\" data-widget_type=\"ucaddon_pages_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\n\t\t\t<div class=\"card-list-container\">\n\t\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/working-capital-loans\/\">\n\t\t\tWorking capital loans\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/revolving-credit-facility\/\">\n\t\t\tRevolving credit facility\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/merchant-cash-advance\/\">\n\t\t\tMerchant cash advance\t\t<\/a>\n\t<\/div>\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/small-business-loans\/\">\n\t\t\tSmall business loans\t\t<\/a>\n\t<\/div>\n\n\n\n\n\n\n\t<div class=\"card-with-links-widget\">\n\t\t\n\t\t\t\t<a href=\"https:\/\/swoopfunding.com\/ng\/business-loans\/invoice-finance\/\">\n\t\t\tInvoice finance\t\t<\/a>\n\t<\/div>\n\n\n<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5f16b7f e-flex e-con-boxed e-con e-parent\" data-id=\"5f16b7f\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-898178e e-flex e-con-boxed e-con e-child\" data-id=\"898178e\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-61b0136 e-con-full e-flex e-con e-child\" data-id=\"61b0136\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cb56864 elementor-widget elementor-widget-image\" data-id=\"cb56864\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_lloyds-bank.png\" class=\"attachment-full size-full wp-image-26896\" alt=\"Lloyds bank\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_lloyds-bank.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_lloyds-bank-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_lloyds-bank-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_lloyds-bank-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b6de643 e-con-full e-flex e-con e-child\" data-id=\"b6de643\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5367085 elementor-widget elementor-widget-image\" data-id=\"5367085\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_metro-bank.png\" class=\"attachment-full size-full wp-image-27155\" alt=\"Metro Bank\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_metro-bank.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_metro-bank-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_metro-bank-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_metro-bank-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c468244 e-flex e-con-boxed e-con e-child\" data-id=\"c468244\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0fae673 e-con-full e-flex e-con e-child\" data-id=\"0fae673\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-892cf48 elementor-widget elementor-widget-image\" data-id=\"892cf48\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_close-brothers.png\" class=\"attachment-full size-full wp-image-26894\" alt=\"Close Brothers\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_close-brothers.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_close-brothers-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_close-brothers-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_close-brothers-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-14b6292 e-con-full e-flex e-con e-child\" data-id=\"14b6292\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-723527d elementor-widget elementor-widget-image\" data-id=\"723527d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_propel.png\" class=\"attachment-full size-full wp-image-27156\" alt=\"Propel\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_propel.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_propel-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_propel-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_propel-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ae697d9 e-flex e-con-boxed e-con e-child\" data-id=\"ae697d9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-010dbdb e-con-full e-flex e-con e-child\" data-id=\"010dbdb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-74bb8fb elementor-widget elementor-widget-image\" data-id=\"74bb8fb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_simply.png\" class=\"attachment-full size-full wp-image-26897\" alt=\"Simply\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_simply.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_simply-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_simply-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/10\/brand_simply-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-62165a2 e-con-full e-flex e-con e-child\" data-id=\"62165a2\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-68c5eaf elementor-widget elementor-widget-image\" data-id=\"68c5eaf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_ultimate-finance.png\" class=\"attachment-full size-full wp-image-27157\" alt=\"Ultimate Finance\" srcset=\"https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_ultimate-finance.png 417w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_ultimate-finance-300x90.png 300w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_ultimate-finance-54x16.png 54w, https:\/\/swoopfunding.com\/ng\/wp-content\/uploads\/sites\/9\/2022\/11\/brand_ultimate-finance-80x24.png 80w\" sizes=\"(max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5c2862a e-con-full e-flex e-con e-parent\" data-id=\"5c2862a\" data-element_type=\"container\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e037d9c elementor-widget elementor-widget-template\" data-id=\"e037d9c\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\">\n\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db4fd27 e-con-full e-flex e-con e-parent\" data-id=\"db4fd27\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-core-v316-plus=\"true\">\n\t\t<div class=\"elementor-element elementor-element-5de8fca e-flex e-con-boxed e-con e-child\" data-id=\"5de8fca\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-df32f97 e-con-full e-flex e-con e-child\" data-id=\"df32f97\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-982ddef elementor-widget elementor-widget-heading\" data-id=\"982ddef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Ready to grow your business?<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7886947 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"7886947\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6700156 e-con-full cta-mobile-fixed elementor-hidden-desktop elementor-hidden-laptop elementor-hidden-tablet e-flex e-con e-parent\" data-id=\"6700156\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;position&quot;:&quot;fixed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c09e38c elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"c09e38c\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.ng\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">GET A QUOTE<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Asset Finance is a fast-growing funding choice for UK businesses. It makes it easier to buy, use and benefit from big-ticket items such as vehicles, plant, and machinery. Instead of paying one large sum upfront, spread the cost over time with smaller, regular payments. Use the items as you pay for the items and take pressure off your cashflow. Alternatively, make more of the high-value items your business already owns. Use those assets as collateral for loans to help your business grow.<\/p>\n","protected":false},"author":80,"featured_media":0,"parent":27628,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable":"<p>Asset Finance is a fast-growing funding choice for UK businesses. It makes it easier to buy, use and benefit from big-ticket items such as vehicles, plant, and machinery. Instead of paying one large sum upfront, spread the cost over time with smaller, regular payments. Use the items as you pay for the items and take pressure off your cashflow. Alternatively, make more of the high-value items your business already owns. Use those assets as collateral for loans to help your business grow.<\/p>\n","category_list":"","author_info":{"name":"Alastair Woods","url":"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>Asset Finance is a fast-growing funding choice for UK businesses. It makes it easier to buy, use and benefit from big-ticket items such as vehicles, plant, and machinery. Instead of paying one large sum upfront, spread the cost over time with smaller, regular payments. Use the items as you pay for the items and take pressure off your cashflow. Alternatively, make more of the high-value items your business already owns. Use those assets as collateral for loans to help your business grow.<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Alastair Woods","url":"https:\/\/swoopfunding.com\/ng\/author\/alastair-woods\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22412"}],"collection":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/users\/80"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/comments?post=22412"}],"version-history":[{"count":4,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22412\/revisions"}],"predecessor-version":[{"id":39780,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/22412\/revisions\/39780"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/pages\/27628"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ng\/wp-json\/wp\/v2\/media?parent=22412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}