Could Refinance help your business?
Richmond Asset Finance arranges refinance options for our clients – another way we can help where mainstream funders fail.
Where you already own a vehicle, plant & machinery, static or moveable plant, whether new or up to 20 years old there is a small amount of finance outstanding, an arrangement can be made to repay the existing lender and refinance the asset. It’s an ideal way of raising cash against wholly owned or partly financed vehicles, plant and machinery.
Re-financing may be required to fund a deposit on a larger purchase or purely raising additional capital for cash flow purposes on a Non Status basis. Limited Companies, Partnerships or Sole Trader, whatever the case, we can help!
Typically, cash can be used to:
- Purchase more plant and machinery / Raise deposits
- Cash injection / Working capital for new contracts
- Refinance existing loans
Assets considered:
- Commercial Vehicles / Trailers List
- Agricultural Machinery & Tractors
- Coaches & Buses
- Vans & Cars
- Contractors Plant
- Engineering Equipment
- Print & Print Finishing Equipment
- Packaging & Labelling Machines
- Woodworking & Plastic Injection
The above list is not comprehensive, even if the asset is bespoke, we may still be able to help. All deals considered from £15,000 – £5,000,000. Most transactions are typically Hire Purchase or Finance Lease, with periods being between 12 – 60 months. All transactions are considered on individual merits. Lenders will take a view on CCJ’s, Defaults and Phoenix Companies.
We can look at refinance on either a stand-alone basis or on a joint basis incorporating Invoice Finance. Rates are lower than many other available and can be tailored to meet your needs.