Home2024-05-03T15:02:41+02:00

Financing for entrepreneurial success,
with a fairness guarantee. That is our approach.

Financing is an enabler. Whether it’s an equipment update or a new business idea, financing is the booster that gets things moving.

However, whilst financing is often just a few clicks away for consumer goods, it is still complicated in an entrepreneurial context. This is because the following still applies: that in order to benefit from financing, entrepreneurs have to take the long route through the financing jungle of established banks, which can be rocky and will sometimes end rather unsatisfactorily.

We at TECUMfinance have set out to change that. We radically simplify and accelerate the financing process and – the crucial point for many of our customers – we give our customers a fairness guarantee.

This means that we not only ensure complete transparency, but also that there will be no rude awakenings: no unintentional contract extensions, no disguised residual value payments and, in general, no blind spots lurking in the small print.

Our aim is to ensure that every financing solution we develop for our customers is transparent and comes to an orderly and satisfactory conclusion, for ALL parties involved. We have developed some very simple fairness tools to achieve this, because only satisfied customers become long-term customers.

The TECUMfinance fairness tools.

It’s the classic financing mishap: the cancellation of a leasing contract has been missed and now the instalment payment is extended, although the payment of further instalments is unnecessary and only benefits the bank. Another popular difficulty: at the end of the financing period, you are asked to make a substantial residual value payment, which was not discussed when the contract was concluded and was not specified exactly in the contract. In short, there are still practices in financing that may be legal, but are anything but okay.

To avoid such mishaps, we have developed a few simple but very effective measures from which our customers benefit: the vast majority of our customers’ financing expires automatically. However, a much smaller proportion must be explicitly cancelled, and we make our customers aware of this at an early stage, initially in writing and, if necessary, by telephone. If there is no other option, we are also able to cancel the contracts ourselves.

On the subject of residual value payment: this is expressly stipulated in our contracts and is also clearly communicated when the contract is concluded.

These and other measures demonstrate that for us, customer service does not end with the conclusion of the contract.

Financing with TECUMfinance is that simple.

Your decision has been made and you have decided in favour of new equipment from your trusted dealer.

You’ve also already decided whether you want to finance by hire purchase or by leasing, and which term is right for you. The first steps are now complete.

If you have any questions about hire purchase, leasing and terms, simply give us a call on +49 2154 9304960 or send us an e-mail.

Now we will need the written offer from your retailer, your contact details and also an indication of how long you have been self-employed, or your company has existed. Please use our quotation form, or send us an e-mail. There is also the option for your dealer to take over the complete handling of your enquiry. Simply ask them whether this is included in their services.

That’s it – there’s nothing more for you to do. We’ll take over for you from here.

Your financing enquiry is now being processed. This usually takes two to three days, but is often even quicker. The contract documents are then sent to you by e-mail to be checked by you. If everything is to your satisfaction, you then give your approval, either in the traditional way, by signature (sent by letter or e-mail), or otherwise by digital signature.

Once the contract has been signed and the documents submitted, we will immediately inform your dealer that they can deliver your new equipment to you.

For whom is financing with TECUMfinance suitable?

Initially, TECUMfinance focussed strongly on financing solutions for the media industry, i.e. the film, broadcast, light & sound and photography sectors. However, it soon became clear that fair and professional support in financing issues is not only in demand from media professionals, who seek support differing significantly from the behaviour and timing of traditional financial service providers and banks. Consequently, our range of sectors has expanded, bit by bit. Today, we are still active in the high-tech cosmos, but in addition to professional media, other sectors such as catering, medical technology and energy have also established themselves.

If your industry or sector is not represented here, give us a call or send us an e-mail and together we’ll find out what we can do for you!

Which is better: hire purchase or leasing?

The answer is, both. There is no ‘better’ or ‘worse’. Whether you should finance by hire purchase or leasing depends above all on your individual (e.g. tax) situation.

Give us a call or contact us by e-mail. Our financing experts will be happy to explain the advantages and disadvantages of the different types of contract to you. We will clarify together what the best solution is for you personally or, if necessary, with the additional help of your tax advisor.

The TECUMfinance team: We make the difference.

In the early days, we specialised in financing solutions for the media industry. However, we were not bankers, but media people who developed financing solutions for other media people. That is precisely what made, and continues to make, the difference which our customers appreciate. We score points with personalised advice, speed and a pronounced customer focus in general. We keep our customers’ backs free, so that they can concentrate on the essentials.

The shortcut to your favourite equipment.

Financing is not rocket science. On the contrary, the effort for you tends towards zero. With our financing calculator, you can determine your desired equipment quickly, and without obligation, then find out whether hire purchase or leasing suits you better. This way, you can find a customised financing solution for your new equipment straight away.

Frequently asked questions, and the answers to them.

Why TECUMfinance?

What are the advantages of financing via TECUMfinance?2024-04-30T13:40:51+02:00

Basically, financing gives you the opportunity to make investments now, and without delay – e.g. for a particularly important job – which will visibly and audibly improve the quality of your work, but without putting too much strain on your liquidity.

The advantages of financing with TECUMfinance are: fair conditions, good accessibility and personalized advice, and last but not least, speed!

Thanks to state-of-the-art tools such as digital signatures, the whole process usually takes no longer than 24-48 hours – from submission of the documents to approval or delivery of your equipment.

The administrative effort for you tends towards zero. All we need is the written offer from your dealer, a few details about you and your status as a freelancer or entrepreneur, then we take care of everything else.

What is the interest rate?2024-04-08T17:45:09+02:00

The interest and the monthly charge depend on various factors: e.g. the amount of your investment and the term you choose. Of course, your credit rating also plays a role.

You can use our financing calculator to get an initial overview.

Which is better: leasing or hire purchase?2024-04-30T13:58:29+02:00

The answer as to whether you should finance by hire purchase, or by leasing, depends upon your individual situation, e.g. tax situation. In general, there is no better or worse.

Call us on +49 2154 9304960 and talk to our financing experts.

We will be happy to explain the advantages and disadvantages of the different types of contract, and we’ll work together to find the best solution for you – possibly with the help of your tax advisor.

Before we get going

How long does it take for a financing enquiry to be approved?2024-04-30T14:01:21+02:00

The whole process – from submitting the signed documents to the approval or delivery of your equipment – usually takes no longer than 24-48 hours. We often manage it on the same day!

What documents does TECUMfinance need from me?2024-04-30T14:32:21+02:00

For acquisition values up to around € 15,000 we only need a few basic details to start the enquiry, e.g. the date your company was founded and your date of birth.

For higher acquisition values, we usually ask for current figures, such as a current financial analysis or the last annual financial statements.

We provide a suitable structure for all enquiries, in order to obtain approval quickly.

We will also take you by the hand when it comes to credit reports and other information.

Which dealers does TECUMfinance work with?2024-04-30T14:37:26+02:00

The choice of retailer is entirely up to you. Just let us know who is your supplier of choice.

What is the minimum purchase value?2024-04-08T17:40:41+02:00

We can get started from a purchase value of € 1,000.

What are the requirements for financing new equipment with TECUMfinance?2024-04-30T15:24:20+02:00

There are two requirements:

  1. You carry out your activity commercially (either as a freelancer or as a trader).
  2. Your work activity has been continuing for at least one year.
How long does the credit check take?2024-04-08T17:35:13+02:00

For enquiries < € 10,000 max. 30 minutes.

Over € 10,000 it is usually max. 24 hours.

I like the offer. And now?

What is a “beneficial owner”?2024-04-30T15:35:37+02:00

Information on determining and identifying the beneficial owner:

We, or our partner banks, are obliged under the Money Laundering Act to identify the beneficial owners.

In the case of freelancers, sole proprietorships, etc., the beneficial owner within the meaning of this law is the natural person who owns or controls a company.

In the case of companies (PLC, general partnerships, etc.), the beneficial owner is any natural person who directly or indirectly:

  1. holds more than 25 % of the capital shares,
  2. controls more than 25 % of the voting rights or,
  3. exercises control in a comparable manner.
I have received the contract documents with an electronic signature. What do I do now?2024-04-08T17:37:23+02:00

After reviewing and checking the contract documents, proceed as follows:

  • For contracts with an electronic signature, you can easily sign the contract online with just a few clicks, whether on your smartphone, tablet or PC. Secure and legally binding – without the hassle of registering or creating an account.
  • We are then automatically informed that the contract has been signed.
Who orders from the retailer?2024-04-30T15:42:36+02:00

We do. As soon as we have received your complete documentation, we give the supplier a ‘green light’ to deliver your equipment.

While the contract is running

Can I terminate my contract early?2024-04-08T17:32:13+02:00

Yes, at any time. The equipment becomes your property upon payment of all outstanding instalments.

Do I need an insurance policy?2024-04-30T15:46:06+02:00

Our very clear recommendation is that yes, you should have one.

Your insurance should cover the full value of your purchase and last for the entire term of your financing.

If you need support here, we can help you with a partner.

When things get tight2024-04-30T15:47:06+02:00

It can always happen that you run out of money and are unable to make the monthly instalments.

In this case, inform us in good time – if possible – so that we can find a solution, together with the partner bank.

Any further questions?

If your question has not been answered here, you can also call us or send us your enquiry by e-mail.

Contact

If you have any questions, or need a personalised quote, please contact us here and we will get back to you as soon as possible.

    Newsletter

    Subscribe to our newsletter to be regularly informed about our current promotions and offers.






    Also visit our social media channels:

    TECUMfinance hat 4,85 von 5 Sternen 115 Bewertungen auf ProvenExpert.com
    Go to Top