ASSET
REFINANCE
UNLOCK CASH EQUITY
Equipment, machinery or vehicles can all be purchased using this funding option.
APPROVED ASSET FINANCE - RATES FROM JUST 2%
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/Lease back. 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.
OPTIONS
By working with over 70+ specialist lenders, we will source the best finance product to suit your needs.
LOW RATES
Our relationships with lenders and suppliers enables us to secure best in class rates across all industry sectors.
EFFICIENT
Asset based finance or ongoing access to funds, with fast application and decision. Funding possible in 24 hours.
EXPERIENCE
Our Account Directors have facilitated over half a billion in funds for more than 5,000 businesses.
USE THE APPROVED
BUSINESS FINANCE CALCULATOR
To help you better understand the cost of business finance we've created this calculator. You'll be able to get an indicative idea of what it would cost you to secure that piece of equipment, growth funding or working capital to support your business needs.
Sounds great, take me to the calculator!
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.
Can I repay my agreement early?
Yes, you have the option to repay early. If you want to repay your agreement early, please contact us on info@approvedbusinessfinance.co.uk or call us on 01908 429888.