FINLEASE is a startup in the Egyptian leasing market as of 2019. However, the company has shareholders with decades of experience in the leasing market.
The company provides leasing products and services all tailored to meet corporate capital expenditure needs for a wide variety of assets, which includes commercial and administrative real estate, equipment financing, plant and machinery, transportation assets, systems & IT, office equipment and fleet management.
What we can do for you
FINLEASE provides leasing solutions and asset financing to the local business market. We bring decades of experience and industry insight to provide leading services and solutions. We focus on flexibility, liquidity …..View profile
Purpose & Benefits of leasing
Financial leasing is a source of medium to long term funds that fulfill company’s financial requirements.
Leasing can finance growth and expansions in general as well as serve to restructure the customer’s financial position.
Based on the Egyptian leasing Law no. 95 for the year 1995 that was amended by law no.16 for the year 2001, financial leasing offers several benefits that include, but not limited to the following:
Leasing Asset TypesFINLEASE provides assets of various types for different purposes. all tailored to meet corporate capital expenditure needs for a wide variety of assets
Commercial & Administrative Real Estate
Including Land Plots, Buildings and Real Estate Units that can serve almost every business line of your interest
Machinery & Equipment
Including the latest technologies in machinery and equipment needed to serve your ongoing business operations, so whether your business is manufacturing, agricultural, construction, medical or any other business line, you’ll find the financial solutions needed to acquire such machine or piece of equipment
Information Technology Solutions
Equipment financing enables you to acquire the technology your business needs without using up your working capital or credit lines. Leasing allows you to replace or upgrade equipment to keep your business continuously competitive.
Transportation is a function which allows companies which rely on transportation in business to remove or minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs, providing 100% compliance with government legislation.
FAQFrequently Asked Questions
It is a contractual, pre-determined schedule of payments with optional ownership. Unless you are provided with a written purchase option, you will be offered an opportunity to purchase the equipment at what cloud is known as Fair Market Value.
FINLEASE provides leasing products & services tailored to meet corporate capital expenditure needs for a wide variety of assets including commercial real estate, equipment financing, plant and machinery, transportation assets, systems & IT and office equipment.
Any business, organisation, association, or governmental entity may lease assets. FINLEASE does not originate leases to individuals for personal use.
The following factors are used to determine credit worthiness:
- Length of time in business.
- Type of business.
- Financial condition.
- Credit evaluation or reports.
- Bank and/ or trade references.
- Type and brand of asset.
A variety of leasing products are available that allow us to tailor a lease to fit your cash flow requirements. Lease terms usually range from 12 to 84 months with various end of term options.
The asset is evaluated according to its net book value in order to avoid any capital gain or loss. However, in some cases we can determine the market value of the asset by hiring specialized evaluation firms.
In selective cases FINLEASE can finance renovation costs depending on the company’s cash flow and risk rating.
Yes, depending on the type, condition of the equipment. FINLEASE typically finances used equipment depending of its economic life. FINLEASE also apply the same standards for a sale-and-leaseback transaction where we buy the equipment and lease it back for a determined period not exceeding the asset’s operational lifecycle.
The standard corporate documents are:
- Commercial Register (not older than 3 months).
- Copy of Tax Card.
- Copy of Authorized signatories ID or valid passport.
- Articles of Incorporation.
- Relevant Business licenses.
- Audited financial statements for the past 3 years and latest modified interims.
In a finance lease the Lessee can exercise one of the following options:
- Acquire the asset by paying a nominal value of LE 1
- Return the asset to the Lessor.
- To renew the contract (based on Lessor’s approval)
The lease agreement is a non-cancellable contract. If you wish to cancel or terminate it during the course of the term, you may request a buyout.
Yes. It is your responsibility to make sure the equipment is sufficiently covered by the proper insurance. You can satisfy this requirement by obtaining your own insurance or by taking advantage of the coverage offered by FINLEASE.
FINLEASE can finance land and building infrastructure if the ownership documents fulfill leasing requirements.