Unlock valuable working capital against assets that your business already owns
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.
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 assets traditional hard assets such as; Commercial and Business Vehicles, CNC Machinery, Plant Equipment, Fort-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.
By working with over 80+ specialist lenders, we will source the best finance product to suit your needs.
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Asset based finance or ongoing access to funds, with fast application and decision. Funding possible in 24 hours.
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Asset Refinance FAQ
Do I have to own the asset outright in order to benefit from Asset Refinance?
No, it's possible to unlock any equity you have accumulated so far on an asset whether your own it or not. The only limitation to refinance is that you can only borrow against the value of the asset, e.g. you can't borrow £75,000 against a £50,000 asset.
What are the benefits to Asset Refinance?
This is an efficient form of finance as you'll have uninterrupted use of the asset. As with most finance products you'll also benefit from affordable monthly repayments at, you can even extend the term of the agreement you have with another lender. Flexibility with your unlocked capital is attractive to many businesses as you're not limited to how you decide to use the released funds.
How is Approved different to traditional banks and lenders?
With over 70+ lenders on our panel, our flexibility is unmatched. Your business needs are personal and specific to you, that's why we match your requirements with a lender or lenders who can best facilitate your needs.