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Finance from £10k - £500k
Early settlement allowed
Decision in 2hrs funds in 24hrs
Finance over 1-5 years
Secured Finance

Our new business directors have arranged over £3.1 billion of secured finance, for more than 250,000 separate businesses, within the past 30 years.

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Unlike a business loan, our finance agreements do NOT have out-of-date credit questions that waste your time.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.
Please speak to an account manager today or apply online. – We are open 7 days a week.

Unlike a business loan, our refinance agreements do NOT have out-of-date credit questions that waste your time.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.

What's the next step?

Call us today on 01234 240155 or complete our easy application form and get accepted within 3 hours.

FAQs

  • How long does it take to get approved?

    Our process is extremely quick and in most cases funding can be agreed within 2 hours, meaning you do not have to wait long periods of time wait for a decision.

  • What information do I need to give to get approved?

    In some instances we would require no financial information from you as the information can be obtained through the credit searches we do or via companies house if you are a Ltd Company,  in other cases two months up to date business bank statements is all we require.

  • Can I refinance my equipment what are the potential fees and charges?

    Yes, you would sell your goods to the Funder and you would receive the proceeds (funds) into your business account.  Your business would then hire back the goods for a primary period at a fixed monthly amount whilst keeping use of the goods.  The proceeds you receive will include vat and your monthly payments would also be subject to vat that you would reclaim in the usual way if you are vat registered.
    The potential fees and charges depending on product can be some of the following:
    An intermediary Fee, Documentation Fee, Arrears fees if you go into arrears, various Collection and Default fees if you default on your payments (please see you agreement), A Risk fee if you do not prove you have insurance, an Bi-annual maintenance fee, Secondary rentals, a Security fee.   We suggest you read and understand all the terms and conditions of any offer or agreement before you proceed, if there is anything you do not understand you should seek the advise of a solicitor before entering into any agreement, guarantee or legal charge.

     

  • Can I settle the agreement early? Are there any penalties?

    Yes, you can settle the agreement early and there are no additional penalties for doing so, however, you will pay exactly the same amount if you settle the agreement early or if you let the agreement run full term.   The settlement calculation is simply, all the contractual payments that would have fallen due are added together along with any notice period with no discount and this will form the settlement figure.  We suggest to clients that are considering to settle early to use your surplus funds within the business or put into an investment / high interest account, as settling the agreement early has no saving and no benefit due to the settlement procedure that follows a strict funding covenant. .

  • Will there be Vat on my monthly payments?

    Yes, on a finance lease agreement all monthly payments will carry Vat at the standard rate. This is fully reclaimable in the normal way providing your business is VAT registered. On a Hire Purchase agreement the VAT is payable up front meaning there is no VAT on the monthly payment.

  • Will there be Vat on the refinance amount I receive?

    Yes, on a sale and lease back, any money you receive from us will be an inclusive of VAT amount and therefore will give you a VAT liability at the standard rate on the sale of your goods to us. You will claim back the VAT element on the monthly repayments

  • Does my business qualify for business finance?

    If you are a Start Up Business please see our Start UP page.

    To be eligible for our business finance agreements your business needs to be registered as limited company or you will need to incorporate for us to consider your business for funding.

     

  • How long can the finance be over?

    From 6 months to 5 years.

  • What can the finance be used for?

    NCF business finance can be used to cover a wide range of requirements for your business. From expansion to stock purchases, from working capital to a tax bill an NCF Business finance agreement can help you spread the cost of key area of expenditure in your business. Finance terms typically range from 6 months to 5 years.

  • What information do I need to provide?

    If you have been trading less then 3 years or are a Start Up Business please see our start up page.

    If you are not a start-up we require three months business bank statements to progress your application

     

  • What rates do you charge on your finance/hire agreements?

    On a finance lease/Hire there is not an APR as it is a hire agreement. However if you add up all the payments that you are making including any fees due,  this will tell you how much you are paying back. On a Hire Purchase agreement rates can start from as little as 5%.

  • What security will you require to support the finance?

    You will be required to give personal and/or corporate guarantee(s) to support the Agreement with your company and you maybe asked to provide a guarantor to guarantee your businesses liabilities, in addition, dependent on agreement and amount borrowed and the credit status the lender will require a unilateral notice or Legal Charge or over your personal residential property and/or business property and/or any guarantor’s personal residence or business property. A fixed and floating charge over the assets of your company or any corporate guarantor (a “debenture”) will also be required.  You will be charge a security fee of 10% to remove the security once the agreement is finaished.

  • What sort of equipment can I finance?

    Any equipment, machinery, vehicles or even shop fitting & building works. We can also include delivery and installation as part of the finance package.

     

  • What Terms can I lease my equipment over?

    Agreements run from 12 months to 5 years, making this is very flexible option rather than an outright purchase

Open 7 days a week
Open 7 days a week