Synova SA offers the following financing for systems:

When buying a system from Synova, why deplete your liquid assets if it isn’t absolutely necessary?  In order to ease the buying process, Synova offers a very attractive financing program that enables the retention of your cash for other short and mid-term needs.  Please find below a step-by-step process that outlines the buying process.  Also note that Synova works directly with the Swiss Bank UBS to make these export-financing arrangements possible.

Principle of Export Financing:

After placing an order, the buyer is required to make an initial payment of only 20%* of the system’s price.
Upon receipt of the 20%, Synova will deliver the system when ready (see timing below).
The buyer is then held responsible for paying the remaining amount in quarterly or bi-annual instalments plus interest, starting 6 months after delivery. The only information required from the buyer is the company’s balance sheet and the loss-and-profit audited report for the previous two years.

* In the range of 10 and 30%.

Example of Financing Scenario:

The company ACME Inc., located in Spain, desires to purchase the LCS 300 laser cutting system for the value of 750,000 Swiss Francs (CHF).  In order to avoid high initial capital investment costs and to reimburse the system price with revenues generated by the production of the system, ACME chooses to use Synova’s financing program to assist with purchasing the system.  That same day, ACME sends the company’s last two years of financial results to Synova (or to UBS directly).

Within a waiting period ranging from 48 hours – 7 days, Synova informs ACME whether UBS will finance the system’s purchase, as well as if the same aforementioned rates are offered (interest rate of 2.625% for a 3 year-loan).  If the bank makes an offer, Synova then immediately sends a final quote outlining the financing proposition.
Next, ACME faxes the purchase order and transfers the down payment of 150,000 CHF.

Synova moves forward with building the system.  Within four months, Synova delivers the system, ready for ACME’s inspection.  Once approved by the customer, the machine is installed.  Immediately following the installation, ACME begins the production process and begins earning revenue with the Synova system.
Six months after delivery, ACME pays the first instalment of 100,000 CHF, plus the agreed upon interest (7,875 CHF).  The last payment (100,000 CHF + 1,312 CHF) will be made approximately 3 years after delivery. Note that the interest calculation has been made under the assumption that the SEBR did not change.

Your Advantages as the Buyer: