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 in 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 is an expert in refinance and is on hand to provide a free no obligation valuation of your vehicles & machinery so you know how much funding can be raised.