Asset Refinance

We aim to help improve your cash flow by unlocking the value tied up in your assets. Discover how our asset refinancing solutions can support your business growth.

  • Quick decisions and finance application turnaround

  • Expertise in many specialist sectors

Asset Refinance

Business asset refinance is an essential tool for businesses that wish to purchase vehicles, machinery, or equipment, all while maintaining control over the company’s cash flow.

Asset refinancing can also help release equity from existing assets your business owns outright. Like other finance options, asset refinancing offers a cash lump sum with fixed terms and manageable monthly repayments and is available on all wheeled and tracked assets.

Does business asset refinancing sound like something you’d be interested in for your business? Get in touch with us today, and we can provide a quote within minutes!

FAQs About Asset Refinance

Business asset refinance is a financial strategy that many businesses use to unlock cash tied up in existing assets, such as machinery, vehicles, or equipment, by using them as security for a loan. It provides immediate working capital while allowing the business to retain and continue using the assets, typically repaying the funds in fixed installments.

A lot of asset refinance works differently, depending on the funding provider. But with STAR Asset Finance, how it works is that a lender provides a lump sum based on the value of assets you already own. It can either be used on assets owned outright or with existing finance, as long as there’s equity available.

There are many benefits to asset refinance, as it is normally used to improve cash flow, pay off debts, fund growth, or buy new equipment. It gives quick access to funds with flexible terms up to 10 years, and enables companies to purchase essential equipment. It can usually cover tangible business assets like cranes, trucks, manufacturing machinery, and office equipment.

There is quite a big difference between the two. Asset finance helps businesses acquire new equipment or vehicles by spreading costs over time without a high upfront payment. In contrast, asset refinance unlocks working capital from assets already owned by the business. These assets could be anything, such as machinery or property, and are used as collateral for the loan.

Other products you may be interested in

We offer a range of business financing solutions to meet the needs of various industries. Backed with decades of banking and finance experience, our team works with thousands of companies throughout the UK. We help them optimise cashflow and achieve their goals through a range of business finance solutions, including:

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Cashflow Finance

Need a cash flow injection to seize that golden opportunity? We have got you covered. Our flexible financing options are crafted to align payments seamlessly with your business cycles, ensuring that you have the liquidity you need precisely when needed.

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Contract Hire

Contract hire is a cost-effective business finance service for companies that require support with vehicle leasing. Offering the use of new cars or commercial vehicles without the headaches of ownership, this business financing option is a great way to manage your fleet without the risks of depreciation.

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Hire Purchase

Hire purchase is popular amongst businesses and individuals. The customer chooses their supplier directly and negotiates the asset’s price and specifications.

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Invoice Finance

Invoice finance is a way for your business to borrow money against the amounts due from customers. This allows you to receive most of the cash from your invoice value as soon as your invoice is raised.

Are you a Supplier looking for finance for your customers?

If you sell any form of equipment, machinery or commercial vehicles, why not offer point of sale finance to your customers? You can make supplier finance arrangements through any one of our group businesses, where local knowledge is backed by national support.