{"id":88,"date":"2023-10-23T21:40:27","date_gmt":"2023-10-23T21:40:27","guid":{"rendered":"https:\/\/wheelrestore.com\/?page_id=88"},"modified":"2025-05-08T10:02:58","modified_gmt":"2025-05-08T10:02:58","slug":"financing","status":"publish","type":"page","link":"https:\/\/wheelrestore.com\/en_gb\/financing\/","title":{"rendered":"Financing"},"content":{"rendered":"
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ATTRACTIVE FINANCING SOLUTIONS<\/h1>

Benefit from stable, long-term financing at competitive rates<\/h2>
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Wheel Restore offers a unique financing option backed by the Danish government, specifically designed to support export activities. This provides customers with significant advantages, including access to long-term, stable financing at highly competitive rates, reducing financial strain. With the support of Denmark’s trusted export credit agency, this financing solution allows you to invest in Wheel Restore equipment with confidence and peace of mind.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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How it works<\/h2>\n\t
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1. Credit from Our Bank<\/strong>
\nWe work with our bank to offer you a credit line for your purchase, providing you with at least 181 days to pay. For longer-term options, most of our financing agreements offer a repayment period of 3 to 5 years. However, to make this possible, our bank requires a guarantee for the payment.<\/p>\n

2. Risk Coverage with EIFO<\/strong>
\nEIFO steps in by providing a guarantee, covering the bank\u2019s risk. This allows the bank to extend the credit to you, making it easier for you to finance the purchase.<\/p>\n

3. Seamless Approval<\/strong>
\nOur bank applies for the guarantee online through EIFO, ensuring a fast process, so you can receive the product without delays. EIFO will assess your creditworthiness based on your financial statements, ensuring a smooth transaction.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>

Onboarding Process<\/h3>
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Submission of the last 3 years of financial statements.<\/h3>
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A joint meeting to finalize the financing amount and duration.<\/h3>
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Costing<\/h3>
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Financing at EURIBOR + 2.20% (indicative rate)<\/h3>
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A one-time risk premium<\/h3>
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You pay a risk premium to EIFO for the guarantee. This one-time premium is calculated based on your company's creditworthiness, the rating we assign following a financial analysis, the political situation in your country, and the assessed country risk. The premium also takes into account the credit period.<\/h3><\/div><\/div><\/div>

Advantages for you<\/h3>
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Competitive Terms<\/strong>: EIFO assumes the risk, enabling you to secure long-term financing for your Danish purchases under attractive conditions.
\nStable Payments<\/strong>: Enjoy predictable semi-annual installments that enhance cash flow management.
\nAAA-Rated Backing<\/strong>: Benefit from the security of AAA-rated Danish state support, ensuring confidence in your financing arrangements.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div>

What does it require?<\/h3>
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3 Years of Operation<\/strong>: Your business must have been operational for at least 3 years, with the last three annual reports available for review.
\nPositive EBITDA Trend<\/strong>: The company must demonstrate a positive EBITDA trend over the past three years, showcasing financial health and profitability.
\n15% Down Payment<\/strong>: A minimum down payment of 15% of the contract value is required to initiate the financing process.
\nEquity Ratio: <\/strong>The company needs to have equity levels that exceed 3 times the financed amount, which is 85% of the contract value. This ensures financial stability and minimizes risk
\nCreditworthiness<\/strong>: EIFO will assess your business’s creditworthiness based on the financial statements and additional documentation.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>

EIFO is the national promotional bank and export credit agency of Denmark combined in one financial institution. As a state-owned financial institution with a global perspective and an AAA credit-rating, EIFO acts as a driving force and an enabler for new ventures and trade between Danish companies and their partners worldwide. EIFO has more than 5,000 customers and a total business volume of around EUR 20 billion. With our willingness to take risks in financing, EIFO paves the way for those who dare to think bigger. Because the world is Denmark\u2019s business.<\/h4><\/div><\/div><\/div><\/div>
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Apply for Your Finance Approval Below<\/h2><\/div><\/div><\/div>\n\t
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