| POWERSTAR is dedicated to assist all customers with competitive financing offerings of new and approved used POWERSTAR Commercial Vehicles. It is our objective is to provide our customers with assistance in obtaining a wide range of highly competitive financial solutions, tailored to their specific needs and requirements. |
| We will guide the banks towards dealing with your finance application in a way that will suit your needs and thereby simplifying the process for you. |
What are the advantages for you?
By allowing POWERSTAR to assist you in sourcing a financial solution and thereby entrusting your financial information to us, the advantages are as follows: |
 |
Transport industry experience and knowledge: In depth transport industry competence and experience which is crucial in ensuring the correct finance solution for you. |
|
All inclusive financing options: We can advise you on different finance options which would suit your specific situation best. |
|
Ethical values: Honesty, integrity and total peace of mind – POWERSTAR will prepare and negotiate the documentation to the banks on your behalf. |
|
What do we require from you and why?
Due to legislative requirements (FAIS Act, FICA and NCA) it is important that the Business Manager focuses on keeping the supplier FAIS compliant, FICA and NCA safe. |
| The following information is required in order to process your application to the financial institutions. Please note that depending on your situation / business type not all information may be applicable. |
| FINANCIAL STATEMENTS: |
|
Last available (audited) financial statements: for applicant and surety companies in the group. |
|
Last available management statements for the interim period up to as recent as possible. |
|
Debtors and Creditors list for as recent as possible. |
|
Cash flow projection indicating the effect of the assets applied for. |
|
The last 3 months' Bank statements. |
|
Plant list: ALL vehicles and plant both fully paid and encumbered indicating outstanding amounts with different banks. |
|
Copy of existing HP or Lease agreements/statements. |
|
| COMPANY DOCUMENTATION: |
|
Company registration documents (CM1, CM29, CM42 etc.) / CK docs. |
|
Cancelled cheque. |
|
Blank company letter head. |
|
| CONTRACTS: |
|
Copies of any written contracts or letters of intent from work providers. |
|
Spreadsheet / summary indicating the following:
- Structure
- Term
- Billing cycles
- Renewal date
|
|
| COMPANY STRUCTURE: |
|
Shareholders details. |
|
Directors / Shareholders / Members ID's. |
|
Personal Assets and Liabilities for each shareholder / member. |
|
Organogram of the business (Family Tree) if an applicant forms part of a group. |
|
For more information you may send us an email or contact our head office:
Email: info@powerstarsa.com
Fax: 086 719 1090
Tel: 012 940 1780 |
