What is asset refinance?
A funding solution which allows businesses to take advantage of their assets, by raising cash against them quickly and easily. This method of funding is perfect for businesses who are asset rich but cash poor, and want to access the cash locked up in their assets.
An asset – which can be any high value item – is valued, then a cash advance secured against it to be repaid over an agreed period. Assets can be eligible whether owned outright, or via a finance agreement.
Who is suitable for asset refinance?
Because the value of an asset is given priority consideration over other factors, asset refinance can benefit businesses whose credit history may not be perfect. The definition of an asset is quite broad, too, meaning that we can consider (and approve) applications from any industry.
We’re often asked what qualifies as an asset: this can be any tangible, high value item, from fleet vehicles, to invoices and inventory, to machinery and equipment. As well as quick and easy cash, you can enjoy the following with a loan from Access Commercial Finance: