Category: Asset Refinance (page 5 of 5)

4 Reasons To Consider Asset Refinance

15th July 2015 / / Comments Off on 4 Reasons To Consider Asset Refinance

You may be running a business in need of a cash boost to help with expansion or you might need to release it for a whole number of other purposes. With this in mind here are the top for reasons to consider asset refinance.

Business Survival
Business isn’t always easy and conditions can fluctuate. Often you may be forced to consider using cash reserves you have built up over the years just to survive. Rather than put your business in further trouble doing this it may be better to secure finance to keep the business afloat. You can use the assets the business already has to do this rather than going to the bank.

Business Expansion
During periods where business is brisk and things are picking up, you may be considering expansion but lack the cash needed to do it. Asset refinancing can help you free up some extra cash to bolster your expansion plans.

Business Acquisition
Your business may have moved beyond the expansion phase into one where business acquisition is possible. Asset refinance can help fund an acquisition while leaving your cash reserves intact.

Consolidation of your business
It is important for a business to consolidate its position so that it isn’t left vulnerable to market forces. If the business has debts then asset refinance can help those debts become more manageable securing a long term future.

Asset Refinance

11th December 2013 / / Comments Off on Asset Refinance

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.

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