Re-Finance of 'Working' Assets

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Re-Finance

Can we help you to raise funds for a special project?

‘Re-finance’ enables you to raise money against your existing business assets....

We call this ‘’sweating’’ assets.

Invaluable as an alternative or additional fundraising tool to compliment core borrowing from your bank because funds can be provided against security in specific assets, thus protecting your credit headroom with your bank, or raising funds where your bank will not or cannot support.gears

Re-finance could equally apply to:

  • The raising of finance to ‘settle off’ outstanding trade credit with your suppliers in order to protect your credit terms and limit…
  • Conversion of daily and open-ended hire terms being offered by your suppliers or lenders on working assets, onto ‘ownership’ facilities…
  • The funding of other existing assets within your business to raise capital for specific ‘growth’ projects
  • Assets being re-financed would ideally be unencumbered, although it is possible to raise money against assets with outstanding finance balances where re-structuring of the original debt offers value within the re-finance model.

refinance

  • Suitable assets will be tangible, medium to long useful working life, with good residual values including Commercial Vehicles, Plant, Machinery and Equipment.
  • Funding can be made available by selling the assets to the lender and buying or leasing them back via Hire Purchase, Finance Lease, or Loan & Chattel.
  • Funding periods will depend upon the age of the assets and their relative values, but up to 5 years is not uncommon.
  • Funding of up to 80% of the pre-agreed value of the subject assets being offered as security can be raised; usually subject to a professional third party valuation.
  • Industry sectors which operate suitable working assets include (but are not limited to) Printing, Engineering, Transport, Construction, Manufacturing, Packaging, and Leisure, however if an asset has a suitable residual value it can be considered. Cash Register

Our process includes:

  • Visiting our clients to review their rationale for the re-finance and to obtain a sound understand of their specific needs.
  • Understanding the exact make, model, specification, perceived value, and life expectancy of the subject assets
  • Obtaining all the financial and other supporting information required by our lending partners.
  • Identifying lending partners which have a potential appetite and presenting a solid proposal to our lending partners to achieve a timely acceptance for our clients.
  • Preparing all the documentation and presenting it to our clients for signature, and then managing the rapid application of the funding into our client’s  bank account.

 

Contact us to arrange a valuation of your ‘Working Assets’