LECON Financial Services Limited helps empower customers and vendors to achieve their commercial objectives by creating affordable and flexible equipment leasing and financing solutions for the acquisition of all types of capital equipment and software that businesses need to function and grow.
We offer flexible leasing products corporate bodies.
Companies choose leasing for a variety of reasons. Informed business managers realize that it is the use of equipment, as opposed to ownership, that creates profits and cash flow. Successful business managers also realize that there are benefits to lease financing equipment over bank financing.
Whether your firm’s decision to lease (or finance) is driven by cash flow, tax benefits, inflation concerns, budget constraints, the need to keep up with changing technology, or simply out of convenience; leasing is a commendable way to procure equipment.
Leasing is An Effective Procurement Tool
There are many advantages to leasing equipment over paying cash or bank financing.
Some people incorrectly view leasing as “last-resort” or expensive financing for start-ups. As evidenced by the number of financially sound companies who use leasing as an effective business tool; this is simply not the case.
The truth of the matter is that bank financing is often more expensive than lease financing. Securing any type of funding for a start-up (loans, leases, etc.) compared to securing funding for an established firm typically requires a premium because there is more risk involved.
Syndication is the sale of leases to a third party investor. The third party investor purchases the lease at a discount rate and takes ownership of the secured contract. The third party investor may assume billing and collecting of the remaining lease payments or LECON may continue servicing the account for the investor. All Privileges and Obligations of the Lessor and the Lessee, as described in LECON lease contract, will remain in force for the remainder of the lease term.
Syndication allows us to offer a more diverse blend of leasing products to our end users. Among the most common reasons we syndicate lease transactions are:
Requests for financing greater than exposure limit
Requests for leases outside our approved geographic areas
Requests for unconventional Lease Structures
We structure trade finance products to meet the needs of both importers and exporters. Using our specialist knowledge of developing markets and strong relationships with commercial banks we are able to reduce the underlying risks in trade.
We provide various types of facilities that allow businesses to fund their trades. It is front end financing and can include:
paying suppliers direct
loans to finance Local Purchase Orders (LPOs)
We work in partnership with our clients, and other professional advisers such as Solicitors and Accountants, to meet their financial aspirations and we recognize the importance of providing long-term on-going assistance and guidance.
The Financial Consultancy offer both personal and corporate advice on a whole range of financial services