Our Senior Finance Broker - Andrew Hubbard with the assistance of Finance Broker - Ankit Kakkad and Finance Co-ordinator - Alexis Guyler, was able to complete a refinance deal for a Drainage and Civil Engineering company with more than 35 years of experience within the Construction Industry!
The customer wanted to refinance their current assets within the business so they could release cash equity, which would be reinvested into the business. Andy was able to lower their monthly repayments by a whopping £11,500 per month!
Andy and the team were able to utilise our comprehensive 125+ lending panel to be able to work alongside Robert Still and Jordan Alexander from Hampshire Trust Bank to be able to provide their client with the refinance they required.
Refinance allows you to unlock valuable working capital against assets that your business already owns. Equipment Refinance or Asset Refinance is a quick strategy for releasing cash equity on an existing asset. One advantage to this finance product is that you don't need to own the asset outright, as lenders will consider any accumulated equity.
A form of Equipment Refinance that can prove particularly popular is Sale and HP/Leaseback. It's a simple strategy where the lender will purchase the asset from you and finance it back to your business. Depending on your requirements, it's also possible to own the equipment outright at the end of your agreement.
Do you feel that your business could benefit from a refinance solution? If this is something you’re interested in or would like to discuss your options, then please do not hesitate to call Andy on 01908 429888, email Andy@approved-finance.co.uk or click on the link to download our finance guide PDF: https://lnkd.in/ePHAgzn9