Refinance is a way for your business to access cash by using existing assets your business already owns as security. Because the finance is secured against a physical asset, the lender has extra reassurance, meaning the lender has more confidence in your business and won’t require a personal guarantee or need to look into your credit history.

At Charles & Dean we can help your business to refinance its unencumbered assets or assets nearing the end of their finance agreement.

 

Reasons your business may want to consider refinance:
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 To release equity into your business. It’s a great way to improve cash flow and working capital. The amount of money you can borrow will depend on the value of the asset and the loan to value that the lender is willing to provide.

 To negotiate a more suitable finance agreement. Refinancing is a useful option if your business is looking to restructure its current finance agreement and would like to reduce monthly payments but still requires use of the asset. There is a wide range of asset refinance products available, we can help you decide the best option for your business.

Release capital quickly by refinancing your existing assets

Refinancing assets can help your business to:

Improve cash flow
Purchase non-standard assets
Invest in new equipment
Invest in new business ventures
Prevent and manage bad debt
Reduce existing financial commitments

You can refinance all sorts of existing business assets, such as vehicles, agriculture and construction machinery, surveying equipment, fixed plant assets and property.

Your business effectively sells its ownership of an existing business asset to an asset finance provider, while still retaining use of the asset. Your business then makes regular payments back to the finance provider over a set amount of time with the option to own the asset outright at the end of the agreement.

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