Equipment Refinance

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?

Accounts

The borrower’s latest accounts, including any in-year management accounts.

Bank Statements

The borrower’s last 6 months bank statements.

Equipment Details

Full details of the equipment that is owned (or is currently on finance) that is to be used as security.

The Story

What is the money going to be used for, and what is the story behind the numbers?

Directors' Details

Information required under ‘Know Your Customer’ regulations for both Directors and larger Shareholders.

Useful Documents

Asset Details Template

Data Protection Declaration

Bank Statement Format Guide

When a drainage inspection business needed to increase working capital from a a collection of smaller, specialist equipment, we were able to help.

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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.

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When an existing customer wanted to raise funds to help pay off an invoice finance facility, asset refinance was the answer.

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