Question 1

What is 4Tek Finance (Pty) Ltd?

Accepted Answer

4Tek Finance is a financial solutions provider specializing in asset-based lending, rental finance options, software funding, and invoice discounting.

Question 2

Who are the directors of 4Tek Finance?

Accepted Answer

The directors are Kamil Patel and Chris DuToit.

Chris DuToit co-founded Custom Capital Finance and has extensive experience in the rental finance sector. He contributes to the success of 4Tek Finance by ensuring its national presence.

Kamil Patel has a proven track record in the rental industry, having served as the executive chairman of Rentworks and the CEO of a leasing company in Mauritius.

Question 3

What services does 4Tek Finance offer?

Accepted Answer

4Tek Finance offers asset-backed lending, invoice discounting, and software funding.

Question 4

What type of business does 4Tek Finance operate as?

Accepted Answer

4Tek Finance operates as a Business-to-Business (B2B) company. We specialize in providing financial solutions and rental services to other businesses, helping them acquire and manage the equipment and technology they need to succeed.

Question 5

What is asset-based lending?

Accepted Answer

Asset-based lending provides businesses with flexible and tailored financial solutions by using their assets as collateral.

Question 6

How does invoice discounting work at 4Tek Finance?

Accepted Answer

Invoice discounting allows businesses to use their accounts receivable as collateral to secure a line of credit, unlocking cash tied up in invoices.

Question 7

What is the purpose of software funding provided by 4Tek Finance?

Accepted Answer

Software funding helps clients spread payments for software licenses and implementation over 36 months, easing financial strain while vendors and implementers receive upfront payment.

Question 8

What are the key benefits of renting with 4Tek?

Accepted Answer

Benefits include the freedom to choose preferred brands, models, and suppliers, cost-effective solutions due to the residual value model, predictable payment schedules, no need for cash outlay on depreciating assets, increased purchasing power, and all-inclusive rental costs.

Question 9

What is included in the IT equipment rental package from 4Tek?

Accepted Answer

The IT equipment rental package includes supplier warranties, comprehensive hardware support, and warranties, with a 36-month rental term ensuring access to the latest technology.

Question 10

Does 4Tek Finance have a national presence?

Accepted Answer

Yes, 4Tek Finance has established a national presence across South Africa.

Frequently asked questions