What is Asset Based Finance?
TDF Asset Based Financing solutions is funding provided to your business for buying, hiring or leasing equipment in order to meet the needs of a Government or Private contract / service, TDF can help you finance this cost in order to free up your cash flow
How does Asset Based Financing work?
Asset Based Financing is fairly simple, your business receives funding to buy, hire or lease equipment in order to meet the needs of a Government or Private contract / service
What are the benefits of Asset Based Financing?
Asset Based Financing helps businesses secure government and large corporate contracts by providing upfront capital for buying, hiring or leasing equipment, allowing your business the ability to meet the contract requirements, and manage your cash flow.
Is your business a good fit for Asset Based Financing?
Asset Based Financing is ideal for small to medium-sized businesses experiencing cash flow challenges when servicing large orders. Asset Based Financing helps maintain your businesses growth without financial strain and significantly improves the chances of being awarded more purchase orders in the future.
How does TDF support businesses with Asset Based Financing?
TDF offers multiple Asset Based Financing solutions, which also factor in sourcing, and logistics support, making sure you always deliver on time.
How much does TDF charge for Asset Based Financing?
Each application is assessed individually and the rates are calculated based on a number of factors such as; the value of the contract, operational costs, how long the money will be out and how complex or risky is your contract.
What documents do I need to apply for Asset Based Financing?
To qualify for Asset Based Financing, you will need to fill in an application which requires specific information, in addition you will need to provide some of the following documentation:​
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Identity documentation
Purchase order
Supplier quotes
Bank statements
Tax compliance certificate
Is your Business eligibility for Asset Based Financing?
In order to be eligible for Asset Based Financing, you need to have a confirmed contract from a creditworthy customer, a viable business plan, and the ability to service the order within the specified timeframe. Finally, the end buyer should be able to pay the full amount due on time once you have completed the service.
Does Asset Based Financing require good credit?
No. The funds advanced to you are specifically to hire, buy or lease equipment on a confirmed working contract. So the money advanced to you is secured by the value and confirmation of the contract. However when it comes to riskier contracts, we do take credit history into consideration during our application process to ensure we are satisfied that no additional significant risk factors are present.
How quickly can I get funding?
TDF aims to approve the funding within 72hrs. However, the timeframe for receiving the actual funds may vary. Typical timeframe for funds to be released can take between a few days to a week, depending on process and the complexity of the order.
What costs are covered by Asset Based Financing?
Asset Based Financing specifically covers hiring, buying and leasing of equipment for the purpose of serving an active contract.
How does Asset Based Financing affect cash flow?
Asset Based Financing improves your cash flow by providing the necessary funds upfront to service contracts, ensuring that your business does not face cash shortages at critical times.
Is Asset Based Financing a loan?
Asset Based Financing is not a loan. it is a financial advance based on a confirmed contract, this means that repayment is typically tied to the completion and payment of the contract.
Can TDF help me apply or secure my next contract?
When it comes to applying for Tenders, TDF does not assist with applications, however we will recommend a TDF partner that can assist with putting together your application and submissions. Once you have secured your contract, TDF will assist you with the financial solutions required to service the contract.
HOW TDF
FUNDING WORKS
Get funding approval within 72hrs, in just 4 easy steps!
01
Submit Application
There are three main ways to apply for Funding
First option: Fill in our easy form online application, and our TDF support team will be in touch to finalise your application.
Second option: Call TDF and set up an appointment to visit our offices.
02
Application processing
Once you have submitted your application. TDF support team will verify that you have correctly submitted all the required documentation.
If you have not submitted everything, our TDF support team will assist you accordingly.
03
Verification Process
Once TDF has confirmed that all your documentation has been properly submitted, TDF will start the vetting / verification process.
Our vetting / verification process involves verifying all the documentation that you have submitted and making sure that all documents are legal and legitimate.
04
Funding Approval
Once TDF has verified your application. A final decision will be made regarding your approval for funding.
You will recieve an update within 72hrs, confirming if your funding application has been approved or not.
