Asset refinance can help you to release value that may be tied up in items of equipment held on your balance sheet.
It’s possible to use the funds in a number of ways. Perhaps you are looking for a deposit for new equipment or simply just looking to boost cash flow. This method of finance can be considered whether you already own the asset, or are using it under a hire purchase deal with an alternative provider.
Available for assets such as vehicles, agricultural or plant machinery and equipment, refinance lets you spread the cost of your equipment over its useful life, without any interruption to its day-to-day use.
Terms are typically available from 12 months to five years, though this is dependent on the individual asset.
Contact our team today to discuss your next purchase.