Funding a business can be difficult and if you are experiencing cash flow issues and need to free up some capital, asset refinance allows you to turn your existing assets into cash. Another term for this is ‘sale and leaseback’ or ‘sale and lease purchase back’ and there are several reasons why you may need to do this.
Why you may need to refinance your assets:
To recover from bad debt or an overdraft
To reduce current monthly commitments by spreading the remaining balance of an existing finance agreement over a longer term
To aid the restructuring of a business
To raise capital: a business can raise capital for expansion from their existing assets without outside investment
To purchase new equipment that you are struggling to obtain asset finance for. You can raise the funds by refinancing your existing assets (or by offering them as additional security)
If your business is in need of capital right now, then asset refinance may be the solution for you. Here at Asset Finance and Refinance we can tailor a payment plan that works for you and your business and once the payments have been made, that asset will be returned back to you.
Apply nowBy opting for asset refinance, you are releasing capital which can help improve cash flow. The funds can be used to recover from bad debt, reduce bank overdrafts, restructure existing agreements, and release the equity.
We can also arrange a refinance agreement to fund a large ‘balloon rental’ that’s due or about to become due on an existing agreement (generally on prestige and sports cars).
We can also arrange a refinance agreement to fund a large ‘balloon rental’ that’s due or about to become due on an existing agreement (generally on prestige and sports cars).
How asset refinance can help improve your business
Immediately frees up working capital for a cashflow boost
You can continue to use the assets with low monthly payments
Spread your costs over a long period of time to allow you to generate capital on your current assets
Ideal if you are a small business that owns valuable equipment and urgently need to free up some cash
Why asset refinance is the right solution for you
If you are a business in need of a cashflow injection and you have valuable equipment, then asset finance may be the right solution for you.
It allows you to:
Free up money
Recover from debt
Extract cash from current assets to grow your business
Manage repayment costs
Reasons why you should choose asset finance and refinance:
If you are considering asset finance as a funding option, then get in touch to today to speak to one of our experts and we can tailor a package to meet your needs.
Competitive rates that are lower than the banks
Aim to provide a solution for all financial situations
We understand that each applicants’ requirements and circumstances are different
We can consider refinance for most assets
Exceptional customer service
Authorised and regulated by the Financial Conduct Authority (FCA)
The different types of asset finance we offer
Highly competitive rates from across over 40 lenders, getting you more for your money and the tools to boost business growth
Finance Lease
A finance lease is a method of financing assets where they remain the property of the finance company that hires them and you pay for the hire of the asset(s).
Lease Purchase
Regular payments are structured like a lease/rental agreement, but you agree to take ownership of the asset after all payments have been made.
Hire Purchase
You hire the goods and then pay an agreed amount by instalments. You don't own the goods until you have paid the agreed amount in full.
Finance solutions for all requirements
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© Copyright 2021 Asset Finance & Refinance Limited. All rights reserved. Authorised and licensed by the FCA.
Disclaimer: Asset Finance and Refinance limited act as a licensed credit broker and not a lender, authorised and regulated by the Financial Conduct Authority, registration number 773835. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required. Written quotations on request. Certain exclusions for NI residents. Asset Finance and Refinance Limited can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.
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