Refinancing used assets can be a smart finance strategy to unlock cash and invest in your business. It’s an ideal solution for business owners who have valuable assets, like vehicles or equipment, but not a lot of cash free for improvements or new investments. Refinancing with assets can free up the finances you need to move your business forward.
When you refinance using existing assets, you can expect the ratio of the asset loan to value to be 70% to 30%. Loan repayments can be set up monthly or on a seasonal basis, depending on the nature of your business and what suits you best.
Loan flexibility means that the use of funds secured by the refinancing of an asset are entirely up to the business owner. There are no rules or limitations to their use, which means you can invest them as you see fit.
Are you interested in commercial refinancing? Get in touch with our expert financial team today, and they’ll be more than happy to walk you through the steps and requirements. We’re here to help.