XL Business Finance
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Refinancing Machinery

Refinancing machinery, Business equipment finance, Manchester, Cheshire, Lancashire, UK

Refinancing machinery is one of our key services and areas of expertise. It is a facility available to a large number of sectors, in fact any industry sector that uses plant and machinery can benefit.

There are a number of reasons why a business may wish to refinance machinery.

Refinancing machinery and equipment could release cash for:

  • Management Buy Outs and Buy Ins (MBO or MBI)
  • Cash flow issues
  • To fund a deposit for a new machine
  • Restructuring Finances
  • As a facility to remove reliance on the bank

Once you have decided that refinancing machinery or equipment is your chosen path to take there are many finance companies that are in a position to arrange this.

These range from high street finance companies to small andprivately owned finance houses. All vary in terms of the amount of money advanced, deal structure, security required and interest rate.

Our independent status will ensure however that we negotiate the very best best deal for your business and specific needs.

Which assets can be refinanced?

Most tangible assets can be refinanced, these include;

  • Print machinery,
  • Engineering equipment,
  • Yellow plant/equipment,
  • Commercial vehicles, Buses, Coaches,
  • Packaging equipment.

Refinancing existing machinery can be considered if it is identifiable i.e. has a serial number, durable and moveable.

Depending on the individual circumstances of both the customer and the individuall, a percentage of the equipment value, up to a max 100% can be advanced by a number of ways.

These include:

  • Sale and leaseback
  • Loan and chattel mortgage
  • Sale and Hire purchase back

We feel many of our customers, if asked, would benefit from a £25k, £50k, £100k, £250k or even more capital injection. Refinancing machinery can be a way to achieve this without going to the bank cap in hand.

XL Business Finance is well placed to relieve the pressur. Contact us today

Our guide to;

Asset Refinancing

Asset Refinancing