Andrew Hubbard - our Senior Finance Broker, recently completed an Equipment Refinance deal for a UK leading storage container sales and hire provider worth up to a whopping £3Million!!!
The client wanted to refinance their current assets to enable them to release funds to expand the business as the growth of their turnover has recently doubled. They then wanted to use the released funds to purchase new stock for their sales fleets, which is currently hard to secure due to supply issues within the industry.
The firm came to Andy due to his track record in financing complex non-traditional assets like containers. Andy was able to work alongside Robert Still at Hampshire Trust Bank - from our comprehensive 80+ lending panel to be able to secure the funds needed for the client whilst providing a quick turnaround from initial enquiry to payout.
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
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