Machinery and Equipment Loans
Investing in yourself or your business is a major financial step.
Sagicor Finance is here to take those steps with you through our Machinery and Equipment loans. Contact us today whether you are in the initial phase or seeking to expand. We are on hand to assist you.
Requirements are:
For Individuals
- Dealers Invoice
- 2 forms of valid photo identification (driver license, National ID Card or passport)
- Recent Utility Bill
- Job Letter or recent salary slip (where applicable)
- Assignment of Comprehensive Insurance inclusive of special perils of asset
- Contract Assignment
- Statement of Affairs
- Bank references
- Collateral Security
- Machinery
For Companies
- 25% Deposit
- Up to Date Financial Statements
- ID
- Dealers Invoice
- 2 forms of valid photo identification for each director (driver license, National ID Card or passport)
- Proof of Address (Company)
- Proof of Address (Directors)
- Corporate Documents
- Certificate of good standing/Certificate of Continuance)
- Recent annual Returns (stamped by IRD)
- Certificate of Incorporation By Laws
- Articles of Incorporation
- Recent Utility Bill
- Assignment of Comprehensive Insurance inclusive of special perils
- Bank references
- Statement of Affairs for Directors
- Dealers Invoice
- Certified copy of certificate of Incorporation, and company registered documents.
- 2 forms of valid photo identification of company directors (driver license, National ID Card or
passport) - Audited Financial Report, Management Report, Bank Reference & Statement (most recent 12 months).
- Contract Assignment
- Collateral Security
- Machinery
In all cases the equipment must be insured comprehensive and the insurance policy must be assigned to SFI.
