What is asset refinance?
Asset refinance boosts a business’ cash flow by releasing cash against the value of a company’s existing assets. The business therefore sells an asset to a leasing company for its current value, which then leases it back for a specified time period in exchange for regular rental payments. In addition to providing a timely cash flow boost, asset refinance also protects the business from asset depreciation.
What are the benefits of asset refinance?
- Asset refinance provides access to working capital that’s otherwise tied up on the business’ balance sheet.
- The cash that asset refinance generates can be reinvested into further asset growth.
- Repayments to the asset finance company are made at a fixed monthly rate to aid the business’ sales ledger management.
- Asset refinance protects your company from asset depreciation.
Is asset refinance right for my business?
With a number of asset refinance solutions available from a range of asset financing companies, Hilton-Baird Financial Solutions can introduce the most suitable facility as the UK’s leading commercial finance broker.
Call our team on 0800 9774833 for more information on asset refinance, or email us at info@hiltonbaird.co.uk. Alternatively, you can get an asset finance quote.
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