Refinance is one of the most underutilised finance products & can be a great way to release working capital from assets you already own. Refinance is strictly only for Vehicles, Plant & Machinery whether currently on finance or not.
So many businesses within the UK have sizable amounts of equity tied up in machinery. A good rule of thumb is that lenders will release around 80% of the current equipment value into your business as working capital. The equipment remains in your possession & you can continue using it as you usually would.
Origin Finance are experts in refinance and is on hand to provide a free with no obligation valuation of your vehicles & machinery so you know how much funding can be raised.
RAISED TO DATE
Conversion of outbuildings into accommodation
Refinance of existing agricultural equipment to release working capital
Purchase of an Anaerobic Digestion Plant including steel building
Purchase of a used Tractor including various attachments
Frequently Asked Questions
Does the equipment have to be based within the UK?
Yes, we can only refinance equipment or vehicles that are based in the UK.
What is the minimum amount I can refinance?
£10,000 is the minimum amount we can refinance
Will my payments increase with interest rate rises?
No, your monthly payments are fixed, meaning it’s unaffected by interest rate rises or inflation.
Can I refinance Machinery & Vehicles if they are already on finance?
Yes, providing there is enough equity in the Machinery or Vehicles. We will settle the existing finance as part of the process.
Can I refinance old equipment and vehicles?
Yes, there is no age limit to the equipment and vehicles that we can refinance
Can I use refinance to consolidate existing debt within my business?
Yes, debt consolidation is one of the most common uses for refinance