Assetline launches ‘Asset Draft’ as working capital solution – Financial News


Ashan Nissanka hands over asset project installation to Ruwan Dabare, Owner, Ruwan Construction

Assetline Leasing Company Limited (Assetline) recently launched its newest product, Asset Draft, to meet the working capital needs of the business community.

Designed specifically to meet the financing needs of small and medium-sized businesses, it is structured similarly to an overdraft facility, eliminating the possible limitations of fixed term loans which may not meet the working capital cycle of transactions and companies in this sector.

It not only provides short-term financing, but also longer-term, permanent financing to improve cash flow and optimize business opportunities. Assetline has always been a pioneer in financial inclusion for individuals and businesses who otherwise may not have access to appropriate, affordable and timely financial products and services, and it is still a another such initiative.

The product was launched Island-wide through Assetline’s 54 branches. Speaking at the launch, Assetline CEO/Director Ashan Nissanka said, “Our goal has always been to support entrepreneurs and the small and medium-sized businesses that are the foundation of our economy.

Their progress is the nation’s progress and this product is yet another critical step in that journey. Given the challenges of the current economy, this sector requires greater flexibility, and Asset Draft gives them the peace of mind to take advantage of any opportunity that may arise without worrying about excessive financial costs or long-term commitments. .

About Donnie R. Losey

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