Asset Refinance enables your business to raise cash secured against the equipment it already owns (or which is currently on finance but has suitable equity available).
Asset Refinance is a popular way to improve working capital, using equipment the business already has. Funds can be released quickly and, with fixed monthly repayments over a longer term than many unsecured loans, cash flow is protected.
What information do we need?
The borrower’s latest accounts, including any in-year management accounts.
The borrower’s last six months bank statements.
Full details of the equipment that is owned (or currently on finance) that is to be used as security.
What is the money going to be used for, and what is the story behind the numbers?
Information required under ‘Know Your Customer’ regulations for both Directors and larger Shareholders.
An integrated forecast for the 12 months post-acquisition.
Raising working capital funds
When a drainage inspection business needed to increase working capital from a a collection of smaller, specialist equipment, we were able to help.
VAT bill funding
When a commercial laundry needed funding to pay a VAT bill because they’d used their cash to purchase new stock, asset refinance was the obvious solution.
Releasing cash for invoicing finance
When an existing customer wanted to raise funds to help pay off an invoice finance facility, asset refinance was the answer.
Apply for Refinancing today
We’re here to help
Whether your business needs financial support to grow, invest in equipment or raise cash, get in touch to see how we could help.