How can you release cash tied up in your business?

Refinancing existing equipment is completely different from traditional equipment finance and involves asset refinance, lending money against an asset already in the business. Refinancing is available across several sectors for businesses using industrial plant and machinery, printing, engineering, yellow plant, buses, coaches, commercial vehicles and trailers.   IT equipment, and soft or intangible assets can also be refinanced should this be required.

Our independent status will ensure that we always negotiate the very best best deal for your business along with understanding the specific needs of your organisation.

Refinancing existing machinery and equipment may release cash to enable:

• MBO or MBI
• Cash flow
• Deposit for a new machine
• Restructuring Finances
• Removing reliance on the bank
• Phoenix Business
• Most legal and ethical purposes considered

Refinancing existing machinery can be considered if it is durable, identifiable (i.e. has a serial number) and moveable. Depending on the circumstances of the customer and individual deal, a percentage of the equipment value, up to a max 100% can be advanced by:

• Sale and Lease Back
• Loan and chattel mortgage
• Sale and Hire purchase back

In order to start a refinancing arrangement, you will need to know the age, manufacturer and model number of the equipment.  List any other information which may help to increase the refinance value such as any extras, original cost, condition and usage.  This will give you an indication of the value of all the equipment to be refinanced and is obtained using a specialist company such as XL Business Finance.

You may need to obtain more than one valuation and if the equipment is subject to any finance agreements, settlement figures will also be required.

For further information and advice on any aspect of financing, please contact us for a no obligation chat.