Our asset finance and refinance options provide an alternative to traditional loans, allowing you to access the funds you need quickly and efficiently.
By leveraging the value of your existing assets, you can free up capital to invest in new equipment, facilities, or other business expenses.
What is Asset Finance?
Asset finance is a lending solution that allows businesses to acquire or lease new assets, such as equipment, vehicles, or machinery, without the need for a large upfront investment.
This type of financing helps businesses maintain cash flow, spread the cost of expensive assets over time, and reduce the burden on their working capital.
Key features of our Asset Finance:
- Flexible repayment terms:
Choose from a range of repayment options to suit your cash flow and business requirements.
- Speedy approval process:
Receive a decision on your application in as little as 24 hours.
- Minimal upfront cost:
Preserve your working capital by spreading the cost of assets over a longer period.
- Tax efficient:
Leasing and hire purchase agreements can offer tax benefits, as the payments are often considered operating expenses.
- Upgrade options:
Access the latest technology and equipment by upgrading at the end of the lease term.
What is Asset Refinance?
Asset refinance allows businesses to unlock the value tied up in existing assets by using them as collateral for a loan. This type of financing is an excellent option for businesses that need a cash injection to cover operational costs, invest in new projects, or consolidate existing debts.
Key features of our Asset Refinance:
- Release equity:
Unlock the value of your assets to generate working capital for your business.
- Consolidate debt:
Refinance multiple assets into one manageable loan with a single monthly payment.
- Improve cash flow:
Access the funds you need without impacting your existing lines of credit.
- Flexible repayment options:
Choose from various repayment terms and structures to fit your business needs.
- Fast and efficient process:
Receive a decision on your asset refinance application within a short timeframe.
How does the application process work?
To apply for asset finance or refinance, start by completing our online form. We’ll ask you some basic information about your business, including your financial performance and credit history. Based on this information, we’ll match you with suitable lenders who can provide asset finance and refinance.
What are the eligibility criteria for Asset Finance and Refinance?
Eligibility criteria for asset finance and refinance typically include the type of business, time in business, credit history, asset type and value, financial performance, debt service coverage ratio (DSCR), existing debt, and purpose of the loan. Lenders prefer working with businesses that demonstrate stability, strong financial performance, and a clear plan for using the funds.
It’s important to remember that specific criteria may vary among lenders and financial products.
What are the interest rates and repayment terms for Asset Finance and Refinance?
Interest rates and repayment terms for asset finance and refinance can vary significantly depending on the lender, the specific financial product, the borrower’s creditworthiness, and market conditions. Here’s a general overview:
Interest rates:
- Asset Finance:
Interest rates for asset finance can vary, factors that influence the interest rate include the borrower’s credit history, the type and value of the asset, and the overall risk profile of the business.
- Asset Refinance:
Interest rates for asset refinance are typically similar to asset finance rates, with variations depending on the same factors mentioned above.
Repayment terms:
- Asset Finance:
Repayment terms for asset finance can range from 12 months to 7 years or more, depending on the type of asset, its expected useful life, and the lender’s policies. Payments can be structured to match your cash flow, with options such as monthly, quarterly, or annual installments.
- Asset Refinance:
Repayment terms for asset refinance are generally similar to asset finance, with terms ranging from 12 months to 7 years or more. The specific repayment structure will depend on the lender, the assets being refinanced, and the borrower’s financial situation.
How quickly can I get access to funds?
The time it takes to receive funds varies depending on the lender and the type of loan you require. Some lenders may offer same-day funding, while others may take longer.
Ready to apply for Asset Finance or Refinance?
If you’re ready to apply for asset finance or refinance, simply complete our online form.
If you have any questions, our team is here to help. Contact us by phone, email, or What’s App live chat to learn more about how we can help your business grow.
