Refinance releases equity and helps businesses grow says Close Brothers Asset Finance
Close Brothers Asset Finance’s flexible refinance product is designed to enable UK SMEs to raise working capital in order to ease cash flow constraints or invest in the future.
Whether the assets are owned outright, or are currently under an existing finance agreement, Close Brothers Asset Finance will work with businesses to unlock equity to get the most from its refinance facility, based on the asset’s value.
The finance specialist points out that the benefits of refinancing include uninterrupted use of the asset and the ability to spread the cost further as Close Brothers Asset Finance can take over existing finance agreements with other providers and extend the term. Its arrangements also provide additional choice by giving businesses a cash injection which can be used to buy other assets that may not be accessible through hire purchase or leasing agreements.
“We understand that cashflow may be restricting growth for businesses within the bus and coach industry,” says John Fawcett, CEO, Close Brothers Asset Finance transport division. “With our refinance product SMEs can unlock funding and use this capital where needed.”