REFINANCE EXPLAINED

Does your business need more cash right now or just a drop in your existing monthly finance  payments to give you more breathing space?

Refinance of your existing assets is a quick and easy way for you to either unlock cash back in to your business bank account, or to reduce your existing monthly finance payments.

You could use the cash for:

• A deposit on more assets
• To pay for a project or investment that isn’t an asset or for some reason won’t attract funding from traditional sources
• To pay some bills
• To create some working capital in your business current account to take on a new contract

Your business will have existing assets which may or may not be working to generate income but if they are bought and paid for, they represent an untapped potential source of funding.

Banks typically won’t lend against these assets but there are a wealth of different lenders out there we know that will.

When you need flexible payment terms (such as a seasonal payment profile to match your businesses income) refinance could be a quick solution when other forms of lending may not be available.

Even if your existing assets are already on finance, if they have enough equity over and above their current finance settlement figure, we may be able to refinance their agreements. You could be taking an existing payment you’ve been paying for some time on a long-life asset and stretch the agreement back out over a longer period to reduce your monthly payments. Simple!

Call or contact us per the details at the bottom of this page now and ask for a free, no obligation valuation on your assets to see what a difference this could make to your business.