Raising cash from business assets could be a lifeline for your business.
During these very trying times for businesses, the clear message from lenders is that they are operating as normal and committed to supporting SME’s in this very difficult period.
As cashflow has now become critical for many companies, it’s worth remembering that cash can be generated from your existing equipment, using a sale and hire purchase back facility.
We’ve seen a huge upsurge of enquiries for this type of funding.
The following is a list of funding examples and finance terms:
- Plant & Machinery
- Vehicles – all types
- Engineering & Print
- Manufacturing & Production Equipment
- Food Processing
Note: soft assets such as I.T. equipment, fixtures & fittings or office furniture etc. are not financeable.
The Finance Terms
- Sale and Hire Purchase Back
- Repayment terms from 12 months to 5 years
- No deposit terms
Asset refinance could give you the cash injection you need now and is not repayable on demand.
You will still own the asset at the end of the financing period and the refinance process can be completed in 5 to 10 working days.
If you need help raising cash from business assets and you own the right types of assets within your business, get in touch.
For more information contact your local Haines Watts office