Refinancing (Capital Release) is a quick way to access the value of assets on your existing balance sheet and use that value elsewhere within your business – for example, to fund a deposit on new equipment or ease cash flow.
Sale and HP Back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes, including sole traders. It works by us purchasing the asset and financing it back to you. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, you own the asset.
This option applies whether you already own the asset or are using it under a finance deal with another provider.
Benefits of Refinance / Capital Release
- Efficiency – Uninterrupted use of the asset
- Spread the cost further – We can take over the finance agreement you have with another provider and extend the term
- Choice – Give your business a cash injection or use the money to buy other assets that may not be accessible through hire purchase or leasing agreements
- Make fast decisions – Releasing capital can help you make faster decisions when negotiating business contracts