Refinance any business owned equipment and release cash now.
Do you own any equipment, machinery or vehicles? Why not release money from them for use in your business? Equipment Refinance is a vital method of raising cash for your business.
If you need additional working capital or simply want to restructure any existing finance agreements you have, then Equipment Refinance is an excellent option for raising funds quickly.
We can refinance any equipment you or your business owns. Do you realise that there is money tied up in your equipment? We will untie it and give the money back to you. You sell your equipment to the Funder and hire it back for an agreed primary period. Commercial refinancing can be 100% tax deductible; you may be able to offset all payments against your tax bill. We offer both unsecured and secured funding, depending on underwriting we may require additional guarantors to support your finance agreement.
Unlike a business loan, our finance agreements do NOT have out-of-date credit questions that waste your time. We offer fast business finance on tax efficient asset finance and refinance agreements for business use only. Your application will have a decision within 2 hours and we will try everything to approve your funding. We do not offer any loans or regulated consumer finance agreements of any kind. We can only deal with businesses.
Why NCF Equipment Refinance?
- Fast Process
Refinance is a quick way of raising capital. Provided you have “any” equipment which your business owns, we can refinance it.
- Funds in 24 Hours
We process your refinance application very quickly and you can receive funds in 24hours.
- Consolidate Existing Finance Agreements
Refinance can be used to consolidate existing agreements into one, releasing additional funds.
Unlike a business loan, our refinance agreements do NOT have out-of-date credit questions that waste your time. We offer fast business refinance on tax efficient agreements. Your application will have a decision within 2 hours and we will try everything to approve your funding. Our fast and modern thinking approach guarantees you will have your funds within 24 hours.
We understand opportunities may present themselves and you need to act fast. We offer both unsecured and secured finance.
You have the flexibility to settle the finance agreements early and there are no additional penalties for doing so, you will pay exactly the same amount if you settle the agreement early or if you let the agreement run its full term. The settlement calculation is simply, all the contractual payments that would have fallen due on the agreement added together along with any notice period with no discount and this will form the settlement figure. We suggest that clients who are considering settling their agreements early use their surplus funds within the business or for other investments as settling our finance agreements early offers no saving or benefit due to the terms of settlement that follows a strict funding covenant.
You will be required to give personal and/or corporate guarantee(s) to support the finance agreement with your company and you may be asked to provide a guarantor to secure formal assurance for your businesses liabilities, in addition, dependent upon the agreement, amount borrowed and credit status the lender will require a unilateral notice or Legal Charge over your residential property and/or business property and/or any guarantor’s residential property. A fixed and floating charge over the assets of your company or any corporate guarantor (a “debenture”) will also be required.
For your information when considering whether or not to accept any offer of finance we make to you. Nationwide Corporate Finance Limited is a tied introducer which arranges finance solely and exclusively through our sister company Bluerock Secured Finance Ltd (Bluerock) who will pay us a commission for the introduction. We are connected with Bluerock by directors, shareholders and trading addresses. The finance offered will not be a loan but instead will be an asset finance or sale and hire back arrangement. Under a sale and hire back agreement you will sell some of your goods to and hire them back from Bluerock Secured Finance Limited.