If your business needs an injection of cash for any reason, refinancing could be the way forward.
You don’t need to completely own the asset you want to refinance, as funders base their offers on how much of the asset you own.
Refinancing will also limit what you can borrow to the value of the asset.
For example, you couldn’t borrow £20,000 that is secured against an asset worth £10,000, but, with equity, you could still unlock a large amount.
And even if you have an asset that is on a Hire Purchase agreement, if you have enough equity, you could still refinance even if you have some of it to pay off.
For further information on refinancing, contact us on
0115 958 6872 or email email@example.com.