Product Overview
Understanding Refinance?
Asset Refinance allows businesses to release capital tied up in existing assets by using them as security for a new finance agreement, even where there is finance outstanding on them.
Accessing additional working capital or consolidating outstanding debt can help businesses reinvest in growth, upgrade or invest in new equipment to win new business, cover expenses or manage cashflow to stay ahead.
Working with a large panel of funders, we will deliver a package maximising Loan to Value to help you unlock the value in your assets with highly competitive pricing.
Key Benefits
Release Existing Capital
Unlock value tied up in existing business assets.
Maintain Operational Continuity
Continue using the asset whilst accessing additional funding.
Flexible Funding Solutions
Funding structures can be tailored around operational and cash flow requirements.
Additional Refinance Information
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Funding available against business assets even where there is outstanding finance
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Funding levels of up to 120% loan-to-value may be available depending on the asset type and valuation
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Structured repayment profiles may be available depending on the facility structure and type of assets being financed
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A balloon payment may be available depending on age of asset and type of asset helping further reduce monthly repayments
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Useful to consolidate debt where you have a large number of asset finance agreements where these are settled and incorporated into one agreement, one payment.
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Minimum transaction size - £50k
Assets Commonly Used For Refinance
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Car, vans, commercial vehicles, trailers
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Bus and coach
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Plant and construction machinery
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Manufacturing and engineering equipment
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Agricultural assets
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Specialist industry machinery
How It Works
01
Initial Consultation
Discuss your existing assets, funding requirements and business objectives with our team.
02
Indicative Funding Review
We assess suitable refinancing options and provide indicative quotations based on the asset type, valuation and individual circumstances.
03
Approval & Documentation
Once a suitable facility has been identified and approved, documentation is completed and the agreement is finalised.
04
Release Of Funds
Following completion, funds are released whilst the business retains operational use of the asset.