Asset refinance made simple

Release equity from vehicles, equipment, and machinery while you keep using them.

Or book a free call with a funding specialist.

What is asset refinance?

Many businesses hold valuable equipment that could be working harder. Asset refinance lets you release cash from vehicles, machinery, and other kit you already own, while keeping everything in daily use.

It can boost working capital, fund new projects, clear short term borrowing, or tidy multiple payments into one clear plan.

In practice, a lender secures finance against the asset and pays funds to you or settles any existing agreement. You then make regular repayments over an agreed term.

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Types of asset refinance

Every situation is different. The right route depends on the asset, its equity, and what you want the funds to achieve. Here is a quick guide.

Equity release on owned assets

Raise funds against equipment or vehicles you already own. You continue to use the item while repaying over time.

Refinance and consolidate

Bring several agreements into one facility to simplify admin and shape a clearer monthly cost.

Sale and hire purchase back

Sell the asset to the lender and hire purchase it back, releasing cash today with a path to regain title at the end.

Balloon or term refinance

Refinance a final balloon or extend the term to smooth monthly payments.

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Common uses of asset refinance

Boosting working capital for stock, payroll, or marketing
Funding deposits for new contracts or projects
Clearing expensive short term borrowing
Managing HMRC VAT or corporation tax bills
Supporting acquisitions, refits, or growth plans
Extending the life of equipment without a large upfront outlay

Alternatives to asset refinance

If refinancing isn’t right, consider an unsecured business loan, invoice finance, or short-term bridging, whichever best fits your cashflow and purpose.

Revolving credit facility or overdraft

Draw, repay, and draw again for short term needs with interest only on funds in use.

Asset finance for new purchases

Acquire new kit with hire purchase or lease when you want additional capacity.

Invoice finance

Release cash from unpaid invoices if you sell business to business.

Business loan

A set amount with a clear term and regular monthly repayments, useful for broader projects.

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Key asset refinance info

How much you can release
Advances are linked to an agreed asset value and the asset type. Lenders fund a sensible percentage which varies by age and resale strength.

Rates
Pricing depends on asset quality, deposit if any, term, and credit profile. Because the facility is secured on the asset, rates can be keener than many unsecured alternatives. We show total cost in pounds before you proceed.

Terms
Common terms range from twelve months to five years. Some hard assets can qualify for longer terms.

Valuation
Desktop, photographic, or physical inspections may be used. We will tell you exactly what the lender requires and help you prepare.

Speed
Straightforward cases can receive an offer quickly. After checks and e signing, funds are released and any existing charges are settled.

Process

Quick fact find and asset list
Indicative valuation and tailored options
Approval, settlement of existing finance if needed
Electronic documents
Funds released

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Asset finance vs asset refinance

Asset finance funds the purchase of new/used kit (HP/lease), spreading cost over the asset’s life; asset refinance raises cash against kit you already own (or tidies multiple agreements) using the asset as security.

Choose asset finance for acquisitions and cash preservation; choose refinance to unlock working capital or reduce monthly outgoings.

Docs differ: finance needs a supplier quote/spec; refinance needs proof of ownership/settlement (plus 6 months’ bank statements for both).

With complete docs, we usually present clear, side-by-side options within 48 hours (case- and lender-dependent).

Who is eligible for asset refinance

Trading history
Many lenders consider applications from six to twelve months of trading and beyond. Stronger cases can be considered sooner.

Asset profile
Vehicles, HGV, plant, agricultural and construction machinery, printing and engineering equipment, medical and laboratory items, and other hard assets. Lenders check age, condition, and resale strength.

Equity position
You will usually need a sensible level of equity in the asset. The advance is linked to an agreed value.

Existing finance
Current agreements can often be refinanced or consolidated. Settlement figures are arranged as part of the process.

Credit profile
Personal and business credit are reviewed alongside trading performance. Strong assets can help offset past blips.

Security and guarantees
The asset is the primary security. A personal guarantee may be requested.

Documents
Photo ID, recent bank statements, latest accounts or management information, proof of ownership or settlement letters, supplier invoice if recent, and images or details of the asset.

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Asset refinance FAQs

What is asset refinance?

It is funding secured against equipment or vehicles you already own, releasing cash while you keep using the asset.

Which assets can I refinance?

Advance rates often sit around seventy to ninety percent of the invoice value, with the rest paid when funds are received from your customer.

Do I need to own the asset outright?

Not always. We can often refinance items with existing agreements by settling the balance as part of the process.

How much can I release?

The advance depends on the asset value, age, and condition. Lenders fund a sensible percentage, and we will show clear figures before you proceed.

How are assets valued?

Lenders may use trade guides, desktop checks, photos, or a physical inspection. We will confirm what is needed and help you prepare.

What does it cost?

Pricing depends on asset quality, term, and profile. We present the total cost in pounds with all fees explained in plain English.

How long does it take?

Simple cases can move quickly once documents and valuation are complete. We keep you updated at every step.

Will I still use the asset?

Yes, you continue to operate the asset during the agreement, subject to the contract terms.

Is a personal guarantee required?

A personal guarantee may be requested. The asset is usually the primary security.

Can I settle early?

Early settlement is often possible. We will explain any fees or steps before you sign.

Can start-ups apply?

Strong assets and clear plans can help newer businesses. We will assess your case and advise on suitable options.

What documents will I need?

Photo ID, recent bank statements, latest accounts or management information, proof of ownership or settlement letters, and details or images of the asset.