Asset Refinance

Asset Refinance

Asset refinancing is a quick way to release the capital tied up in assets on your balance sheet, which can then be reinvested in new assets, business expansion or to fund working capital. This can be achieved through a sale and hire-purchase back arrangement where the finance company purchases the assets from you and then refinances them back over an agreed term. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, you own the asset.

How refinancing works?

Asset refinancing is available on most assets, such as plant, equipment and vehicles, that the business owns in full. Even if the asset is on finance it may be possible to settle that agreement as part of the new refinancing.

The lender will use the existing assets as security unlike a bank where additional security, such as a personal guarantee, may be sought. This will allow for a quicker decsion to be made and release of cash back to the business. Because the asset acts as the security, if the business fails to make the repayments, the lender can sell the assets to repay the outstanding debt.

What information about the asset will a funder require?

As the asset is used and will act as the security, the lender will need to satisfy themselves of its value. They will require:

  • proof of ownership
  • details of current usage to allow for valuation
  • make and model of the asset
  • year of manufacture & purchase

What assets suit refinancing? 

the following assets are suitable subject to age and current usage:

  • Cars
  • Commercial Vehicles
  • Construction Equipment
  • Demolition Equipment
  • Engineering Equipment

What are the benefits of refinancing your assets?

Efficiency – Uninterrupted use of the asset. The asset remains in-situ whilst the financing is arranged

Make your assets work harder – the refinancing of existing assets releases capital that you can reinvest  

Strengthens your negotiating position– Releasing capital puts you in a stronger negotiating position as you will be able to make quicker decisions knowing the cash is available

Security – the asset acts as the security. In the event you cannot make repayment it may be sold by the lender to offset the debt 

Cashflow Friendly - refinancing existing assets releases cash back into the business

Contact Asset Funder to arrange your refinancing today

If you need help getting refinance for your assets, get in touch today. Alternatively, if you’d like to learn more about our services, we’d be happy to tell you more. We’re always willing to explain our finance solutions to you, so you can make a choice that is fully informed. Get the funding for your business needs by calling us on 0800 999 69 62 or emailing us. Alternatively, if you'd like to get your refinance approved today just click on the link below.

Get Your Asset Refinance Approved Today

Testimonial - Eminence Logistics

“I have been with Lee and his team from the start of my business venture and they have provided an extremely fast and efficient service and their knowledge and advice is excellent.

I trust them totally with decision making and value our relationship of honesty and trust”

Colin Burman – Eminence Logistics