Assetline Leasing Company Limited (Assetline) recently launched its newest product, Asset Draft, to cater to the working capital needs of the business community. Designed specifically to address the funding requirements of SMEs, it is structured similar to an overdraft facility, eliminating the possible limitations of fixed term loans that may not meet the working capital cycle of transactions and businesses in this sector.
It provides not just short term but also long-term, evergreen funding to improve cash flows and optimise commercial opportunities. Assetline has always pioneered financial inclusion for individuals and enterprises which may otherwise not have access to appropriate, affordable, and timely financial products and services and this is yet another initiative.
