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EQUIPMENT LEASING SERVICE PROVIDER IN EAST AFRICA
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Frequently Asked Questions

1.) What is Transoceanic Projects & Development (K) Limited Leasing?

Transoceanic Projects & Development (K) Limited is an established equipment leasing company with a powerful online presence to enable our customers to obtain fast equipment lease approvals. We have designed our site specifically to optimize the leasing process and allow for real time lease applications and quick approvals.

2.) What kind of equipment can I lease through Transoceanic Projects & Development (K) Limited?

The Transoceanic Projects & Development (K) Limited Equipment Leasing program allows you to lease any kind of equipment you would like.

3.) Will I get a competitive leasing rate?

Yes. In fact, Transoceanic Projects & Development (K) Limited has consistently provided lower rates than our Regional competitors.

4.) How accurate is the Transoceanic Projects & Development (K) Limited quick quote calculator?

The quote calculator arms you with a conservative estimate to help you to better specify your desired terms.

5.) Do I have to give a personal guarantee for a Company lease?

The younger your business, the more likely it is that a personal guarantee will be required. However, you should also understand that the benefit of a personal guarantee is that it lowers your lease rate.

6.) Is there a maximum or a minimum lease amount?

The minimum lease amount Access will consider is $3,000.

7.) My Equipment supplier requires a deposit. What are my options?

In this scenario, there are a few possible options. First, you may pay the deposit and lease the balance, or lease the entire cost of the equipment including the deposit. Also, you will be able to request a deposit reimbursement upon your application. This means that we pay the equipment supplier in full, and the equipment supplier will return your deposit.

8.) Must the equipment I am leasing be insured?

Generally, if the lease is over $10,000, you will need insurance. In most cases, your business insurance will cover equipment leases. If you do not have business insurance, you can simply request optional insurance coverage on your application.

9.) Can I include services such as consulting and training in my lease?

Yes, these costs may be included.

10.) Can I still lease equipment if I have already purchased it?

Yes. This what is known as a sale-leaseback. This option is typically available for equipment that has been purchased within the past 90 days.

11.) Can I finance the remaining balance if I have placed a down payment on the equipment?

Yes, if you choose to make a down payment you can subtract that amount from the total owed on the equipment. For example, if you purchase $60,000 worth of equipment and make a $10,000 down payment, your lease would only finance $50,000. Remember, however, that you will not own the equipment until the lease ends.

12.) Will Transoceanic Projects & Development (K) Limited lease to start-ups?

Yes. Transoceanic Projects & Development (K) Limited is willing to finance companies that have been in business for less than two years. However, because you are considered a higher risk company, you should expect to pay a slightly higher rate. Additionally, in many cases you may be required to provide a personal guarantee.

13.) Can I get a lease if my company is in the process of acquiring another company?

In most cases this indicates strength in your business. In many cases, expansions will add multiple locations and additional officers. If this is the case, you will need to specify on your application what equipment is going to what location and the individual locations will need to be approved.

14.) Can I get a lease if I have had a bankruptcy?

Transoceanic Projects & Development (K) Limited is willing to finance companies that have had a bankruptcy. But because your company will be viewed as a higher risk, you should expect to pay a slightly higher rate.

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