Refinancing options can include releasing working capital tied up in assets such as vehicles and machinery, or restructuring an existing agreement you already have in place.
The process is simple: we value your asset, purchase it from you, and then finance it back to you. This provides an immediate cash injection into your business, while ensuring day-to-day operations are not impacted as you continue to have uninterrupted use of the asset.
All of our refinancing solutions are structured to fit the business they are for. We take time to work with decision makers, understand cash flow requirements and ensure repayments are suitable for your forecasts.
There are many ways that this quick release of funds could help your business. Here are three ways it could help:
Improving cash flow
A refinance solution can enable your business to access additional working capital quickly and ease cash flow challenges. At Close Brothers Commercial Finance, our local funding experts can make prompt decisions, helping you to release funds locked up in your assets to improve liquidity when you need to.
Purchasing new equipment
Investing in new assets is often an important part of growing a business but can require upfront capital. Our refinance solutions can allow you to access the value of assets on your balance sheet for reinvestment in new technology, machinery, vehicles, or other needs.
Restructuring an existing agreement
At Close Brothers Commercial Finance, we can refinance assets that are currently under another finance agreement, as well as ones that are owned outright. This could give your business the chance to restructure your outgoings and ultimately enable you to manage cash flow more effectively.
If you want to find out more about how refinance could help, call us today or fill out an enquiry form on our website.