Approved Senior Finance Broker - Andrew Hubbard recently completed a £874,000 refinance deal for a long established construction specialist company based in Stratford - East London, who work within the UK and across Europe.
From using our extensive 80+ lending panel, Andy was able to work alongside Hampshire Trust Bank to structure a 60-month refinance solution for the customer's large quantity of plant equipment.
The equipment refinance allowed the customer to release funds to support cash flow following a business restructure and increases in material costs within the industry; a solution that their traditional high street bank was not able to provide.
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 us on 01908 429888, email email@example.com or click on the link to download our finance guide PDF: https://lnkd.in/ePHAgzn9