Lease Funding: How to get cash you need today from tomorrow's rental paymentsSubmitted by Charlotte Partridge
You can now turn your lease into cash with Geddes Capital.
If you’re waiting on rental payments but short on cash, lease funding may be for you.
Cape Town based business financing company, Geddes Capital, has expanded their services to include lease funding. This service will enable South African landlords and property owners to access future rental payments to seize current opportunities with more cash on hand.
Lease funding is a simple and fast way to get a lump sum of money from your rental income that can be used to expand your property portfolio or capitalise on a business opportunity. In short, you get an advance on your future rental payments, and the financing company collects the rent directly from your tenant, on your behalf.
This makes your job as a landlord easier and gives you instant access to cash.
“Our mission at Geddes Capital is to help South African property investors to access the cash they need to build the future they deserve. Lease Funding is our latest innovative offer that will give businesses access to future cash, today.” - Brent Geddes, CEO & Co-Founder of Geddes Capital
4 Benefits of Lease Funding
- Frees up your capital. It‘s an easy way to obtain rental income in advance.
- Ensures you don’t miss out. The perfect property or investment opportunity won’t wait around. That’s why this service is offered - so you can embrace current opportunities that will lead to a more prosperous future.
- Saves you time and labour. The Geddes team does all the following up and chasing of rental payments (bad debts aside) so you can focus on growing your property portfolio or business.
- Gives you immediate cash for repairs and maintenance to your property.
After a once-off initiation fee, the cost of lease funding varies depending on the total rental due, as well as the period over which it is due. The team at Geddes will work with you to come up with a price that works best for your business.
Who is Geddes Capital?
Geddes Capital is a Cape Town based business financing company. They have several services that allow South African SMEs fast access to cash including loans, trade finance, and invoice discounting.
The most recent service they’ve added to their website is lease funding.
Traditional banks and funders are obsessed with past performance. Geddes believes that every business has future potential.
Their approach to funding is creative and future-focussed. They consider each application in its own right, taking into account the company’s growth trajectory. As a result, they enable more businesses to make the most of present opportunities and move forward toward the future they deserve.
Prepared by Digital Butter for Geddes Capital.
Geddes CapitalCharlotte Partridge
At Geddes we raise the bar when it comes to raising capital by striving to remove anything that stands between you and a prosperous tomorrow. Our experienced team is friendly, our terms are transparent, and our application process is fast and simple. Because we understand that opportunities don't wait around forever.