Refinance Existing Plant & Machinery
Many finance companies provide the facility to refinance previously paid for assets, generally on the basis that the asset is durable, identifiable, and moveable. Most assets can be refinanced – general plant and machinery, commercial vehicles, buses, etc. Funds generated can then be used for any business purpose as required. There are several methods of refinancing available:
- Sale & Lease Back. The equipment is sold to the finance company, and rented back to the seller for an agreed period of time.
- Sale & Hire Purchase back. The equipment is sold to the finance company, and re-purchased by the seller over an agreed period of time.
- Loan & Chattel Mortgage. The finance company lends to the owning company, with the loan secured by a chattel mortgage over the asset concerned.
NFS can introduce you to the right lender for your business.
What can NFS offer?
Any or all of the following options are available:
- Complete business financing and refinancing incorporating an overdraft facility plus commercial term loan and any or all of the options below.
- Commercial mortgages and remortgages. Turn your fixed capital into working capital or reduce your current interest rate.
- Property development loan. Finance as you build.
- Bridging Finance.
- Buy to let mortgages.
- Plant & Equipment (both new and used) finance.
- Vehicle (both new and used) finance.
- Working capital finance. Why wait for your customers to pay you or miss out on a large order because you cannot buy the stock?
- Vendor finance. If your customers require finance in order to buy from you we can assist.
- Refinancing existing plant and machinery.
- Payroll Finance.
- Loan Guarantee Scheme – unsecured lending backed by the DTI.
- Franchise purchase finance.
- Franchise expansion finance.
