ASSET FINANCING

Running a business is tough and growing one can be even tougher. One of the biggest challenges for many business owners is getting access to the right tools and equipment without breaking the bank. Whether it’s a tractor for your farm, a delivery van for your logistics company, or a machine that keeps your production line running, these assets don’t come cheap.

That’s where Cool Financial Services Limited comes in. We understand that sometimes your business needs a push, a little help to get the things that move it forward. That’s why we offer Asset Financing: a simple, flexible way to get the equipment you need now, and pay for it over time.

Asset financing is a financial arrangement that enables businesses to obtain funding to acquire essential assets needed for their operations. Rather than paying the full cost of these assets upfront, businesses can secure them through structured loans, leases, or hire purchase agreements.

At Cool Financial Services Limited, asset financing is not just a transaction, it is a strategic partnership. We focus on financing productive and long-term assets with a useful life of more than 12 months, such as tractors and industrial machinery. This ensures that the assets we finance have sustainable value and contribute directly to the economic advancement of our clients.

OUR ASSET FINANCING FRAMEWORK

1. At Cool Financial Services Limited, we offer financing that covers up to 70% of the total cost of the asset, allowing our clients to acquire essential equipment or machinery without bearing the full financial burden upfront. To ensure shared responsibility and commitment, the client is required to contribute the remaining 30% of the asset’s value as equity.

2. We offer a highly competitive interest rate making our asset financing solution both affordable and accessible. This fixed rate ensures that clients can plan their finances without the worry of fluctuating interest charges over time.

3. The repayment period for the loan is structured over a duration of 12 months, allowing borrowers a full year to gradually repay the borrowed amount through installments. This timeframe is designed to give businesses sufficient time to generate returns from the financed asset while maintaining healthy cash flow throughout the year.

ELIGIBILITY CRITERIA FOR ASSET FINANCING

At Cool Financial Services Limited, our asset financing solutions are designed to support credible businesses and individuals who are ready to grow, but we also take care to ensure that the financing is sustainable for both parties.

To determine eligibility, we conduct a thorough but fair assessment based on several key factors:

1. Business Stability and Financial Standing

2. Creditworthiness

3. Asset Quality and Long-Term Value

4. Industry track record

REQUIRED DOCUMENTATION FOR ASSET FINANCING

To streamline the approval process while maintaining compliance and risk management, applicants must submit the following documents to help us conduct due diligence and provide financing responsibly.

1. Loan application letter

2. Most recent one-year financial statement

3. Undated cheques (used as a legal guarantee for repayment)

4. Collateral documentation (where applicable)

5. Proforma invoice of the asset to be purchased

6. A signed terms of agreement

7. Valid insurance certificate covering the asset

8. CAC incorporation documents (for companies)

9. Employment/confirmation letter (for individual applicants)

10. Proof of the client’s 30% contribution towards asset cost.

WHY CHOOSE US?

We know what it’s like to need something important and not want to drain your bank account. We know that cash flow matters just as much as growth. And we know that timing is everything. So when we say we’re here to support you, we mean it. With fair rates, fast processing, and a strong team readily available to help, we’ve built our services around what Nigerian businesses actually need.

Whether you’re expanding, upgrading, or just getting started, Cool Financial Services Limited is ready to help you finance the assets that keep your business running. Don’t let upfront costs hold you back, contact us today and let’s move your business forward, together.