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What is Asset Refinance?
Asset refinance is a potent financial solution offered by Approved Finance Group, empowering businesses to leverage their existing assets for enhanced profitability.
Asset Refinance is a smart way to boost your business’s cash flow using what you already have. Here’s how it works:
You sell your valuable assets to the lender for cash, based on their current value. But don’t worry, you still get to use them. Then, you pay it back in small, manageable chunks over time.
This means you get the extra cash you need, while still getting the most out of your assets. And once you’ve paid off what you owe, plus any fees, the assets are all yours again. Simple as that!
Potential Uses for Asset Refinance
Asset refinance helps businesses improve their financial situation by adjusting existing asset loans. It can lower interest rates, improve cash flow, consolidate debts, and release equity from assets.
You might consider applying for Asset Refinance if:
You want refinance existing asset loans to secure lower interest rates and reduce overall borrowing costs.
You want to extend the repayment terms to lower monthly payments, freeing up cash for other business needs.
You would like combine multiple asset loans into a single loan for easier management and potentially better terms.
You want to unlock the value tied up in assets to raise additional funds for business expansion or other investments.
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Asset Refinance is a quick strategy for releasing cash equity on an existing asset. One advantage to this finance product is that you don't need to own the asset outright, as lenders will take into account any accumulated equity. To learn more about how it works, read our Asset Refinance Product Guide.
A form of Asset Refinance that can prove particularly popular is Sale and HP/Leaseback. It's a simple strategy where the lender will purchase the asset from you and finance it back to your business. Depending on your requirements, it's also possible to own the equipment outright at the end of your agreement.
Asset Refinance can be used for traditional hard assets such as; Commercial and Business Vehicles, CNC Machinery, Plant Equipment, Fork-lifts. What can you use your unlocked funds for? Whatever your business needs! In many ways, this finance product is a no-brainer if your business has valuable assets.
Unlock Valuable Working Capital Against the Assets Your Business Already Owns
Other Approved Finance Services For You
We understand the complexities of business finance and have the expertise to secure funding for your next venture, whether it's working capital, equipment purchases, or expansion projects. With market-leading business finance products and best-in-class rates, Approved is ideally positioned to deliver your funding solution.
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Partnered
Lenders
125+
Funded For
UK Businesses
£500M
5-Star
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300+
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Partnered Charity
£110K
How It Works
Discover our streamlined process for securing tailored financial solutions. We keep our business finance options transparent, with no hidden fees or unpleasant surprises. This is business finance made easy. Our no-obligation application won't impact your credit score.
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01
Fast Application In Seconds
Share basic information about you, your business and finance requirements by applying online or calling.
02
Understanding Your Business
A dedicated account manager will discuss your requirements and gather necessary documentation.
03
Receive Your Free Quote
We'll discover the best deals, handle applications for you, and provide a quote with no obligations.
04
Get Your Funds Fast
Once approved, we'll get funds to your preferred business bank account or pay a supplier on your behalf.
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