1. WHAT IS ASSET BASED FINANCING?

In asset based financing, the asset purchased becomes the collateral for that facility.

2. WHAT KIND OF ASSETS CAN A BUSINESS ACQUIRE USING DIB ASSET BASED FINANCING?

If an asset is identifiable by registration number or serial number, then we can finance it! Array of assets includes to name but a few ; motor vehicles, Trailers, Earth moving equipment, construction Equipment, Machinery, Pickup Trucks, Motor Vehicles, Light industrial Plants, Milling, Lifting Equipment, Mineral water processing …, Meat processing …, Light Automotive Engineering …, Quarry equipment, Food processing …, shoe manufacturing … etc.

3. WHAT PORTION OF THE PURCHASE PRICE WILL I BE REQUIRED TO RAISE?

DIB will finance up to 80% of purchase price for motor vehicles and 50% of purchase price for machinery.

4. WHAT ARE THE REQUIREMENTS FOR APPLYING FOR ASSET BASED FINANCING?

To apply for Asset Based Finance you will need to complete a Business Facility Application Form and submit alongside other business documentation as indicated on the requirements checklist available at our branches. Our dedicated relationship managers can guide you through the process.