Finding a fast and easy way of raising capital and improving cash flow is often one of the most important challenges for UK enterprises. One fairly simple option, open to a wide array of businesses, is asset re-financing.
Whilst asset finance is used to acquire new business equipment, asset re-financing is implemented to free up capital in an asset a company already owns. Quite simply, with asset re-financing, a business receives a cash lump sum against an asset, which is subsequently paid off over an agreed period of time. For a business such as a construction firm, with a wide array of purchased equipment and vehicles, this method of financing can often serve as a welcome cash injection.
As a method of alternative funding, the importance of asset re-financing to UK enterprises should not be overlooked. By opting for a method such as this, businesses can effectively sidestep the conventional route of traditional bank loans which have, in recent years, proved increasingly hard to obtain.
For further details on asset re-financing and tips on how to use it successfully, click on the link below to view our free download:
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