Why a Sale and Leaseback ?
PayComplete Finance can provide facilities for the Sale and Leaseback ("SLB") of smart safes, coin sorters, recyclers and other cash security equipment that businesses have previously purchased from PayComplete, giving a business or other entity the option of releasing the cash it has previously used to acquire its business critical equipment.
The SLB facility enables a customer to raise capital whilst, critically, still allowing it to retain and use the equipment, so it gets both the cash and the on-going use of the vital equipment that is needed to operate its business, whilst providing capital to invest in new opportunities as they present themselves.
The details of the arrangement, such as the lease payments and the lease duration, are negotiated and agreed between PayComplete Finance and the business at the same time as the business sells the equipment to PayComplete Finance. The seller of the asset becomes the lessee and the purchaser becomes the lessor and the subsequent lease gives the on-going use of the equipment for a pre-determined time period in return for fixed monthly lease payments, meaning that nothing changes in how the lessee runs its daily business.