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Asset refinance

How can you release cash tied up in your business?

Key features

asset refinanceAsset Refinance

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:

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:

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.

How we have helped our clients with asset refinance

Whitemoss Landfill

Whitemoss Landfill approached XL Finance to help fund the purchase of additional machinery.  The company operate a landfill in Lancashire and were looking for additional equipment to grow and increase

Vehicle fleet funding

Companies with large amounts of cash tied up in assets often use asset finance and asset refinance to raise additional funds. XL Business Finance have over 2 decades of experience

Read more case studies
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Other products to consider

short term asset refinanceShort Term Asset Refinance

  • Plugs temporary cash flow gaps.
  • Funds available for any legal purpose.
  • Minimal early repayment charge.
  • Reduces cost.

asset based lendingAsset Based Lending

  • Higher levels of funding than invoice finance.
  • Releases working capital against stock/property.
  • Additional funding against plant/machinery.
  • Top up cash flow loans available.

classic car refinance, car financeClassic Car Refinance

  • Releases equity.
  • Provides access to working capital.
  • Maintain possession of your car.
  • Extended terms up to 10 years.

Business LoansBusiness Loans

  • Flexible.
  • Fast decisions.
  • Independent from your bank.
  • For any purpose.


Sovereign House,
Stockport Road,
Cheshire SK8 2EA

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0161 980 0577

020 3301 4540

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737

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