Cash is king.
Recently, you may have invested in new equipment. This investment may have adversely affected your cash reserves.
With our ‘’Cash Back” facility, you simply sell your assets to Econocom and immediately rent them back. You continue to use the assets in exactly the same way while releasing the cash previously tied up in the equipment. This cash injection provides extra working capital.
How does that work in practice?
What's in it for you?
Why a sale and leaseback instead of
a bank loan?
A sale and leaseback transaction allows companies to unlock the capital value of their assets and improve their balance sheet, while a loan would show up on a balance sheet as a debt.
After selling their eligible assets to a finance partner such as Econocom, companies can lease them back for an agreed period at a fixed monthly rate, and access funds, typically at a much more favourable rate than normal borrowing.