Equipment refinancing is typically used to consolidate a business' financial obligations by restructuring existing equipment loans. Often this takes the form of transferring multiple loans into one or securing a lower rate if your business now has a better credit rating. The benefit of these options is the effect of making the monthly repayments more affordable through either changes to the rate or the term of the finance. Furthermore, a sale and lease back agreement can release equity from assets you have paid for in full that still have residual value.
Principal can help to unlock valuable cash from your existing assets through the equipment finance / Equipment loans. If you have bought an asset within the last 12 months, Principal can support in the refinancing or sale and lease back to help release working capital. If your business has an asset that is currently not on finance and still has value this can be asset financed or sold and leased back. Principal can arrange an agreement where the asset is used as security for a loan. Principal equipment refinance is also opportune if your business has an asset where it is coming to the end of a finance deal and a final balloon payment is scheduled.
There are many equipment and asset classes that can be refinanced from tradition plant, machinery, vehicles, luxury vehicles to non-traditional such as air conditioning, fit-out, catering equipment, building work, and other soft assets. Our experts can help you narrow down what equipment you have that could be refinanced or sold and leased back, so call today.
Principal is able to support businesses with refinance across any sector where there is a tangible asset or equipment to be lent against. The age and type of the asset may affect the offer received however, one of our specialists will be happy to discuss this with you.
- Allows for the applicant business to release tied up equity in their assets and equipment.
- There are various tax advantages for using certain types of finance agreements.
- Generate an injection cash flow for running costs, contingency planning and unexpected costs.
- Helps to keep other lines of credit free for future use.
We love our clients, so feel free to contact to arrange a call or meeting.
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Principal Business Finance Limited is an independent Asset finance broker not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Principal Business Finance Limited will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. Principal Business Finance Limited is an appointed representative of AFS Compliance Ltd which is authorised and regulated by the Financial Conduct Authority under number 625035.
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