How does Refinancing/Capital Release work?

How Refinance works

Refinancing uses the value of assets you already own to help your business. With Sale and HP Back – a type of refinancing – you sell your equipment to us, and we lend you the money you need to invest in your business.

You pay us back in line with what the equipment earns for you. Once you’re done paying us back, you own the equipment again.

This works whether you own the equipment outright or are already financing it with someone else.

Who is Refinancing for?

Refinancing is for anyone looking to unlock the value of their existing assets to support their business. Whether you own equipment outright or are financing it elsewhere, refinancing can provide a quick way to access funds for things like new equipment, improving cash flow, or other business needs.

It’s a flexible option suitable for businesses of all sizes, including sole traders.

Benefits of Refinance

Get more cash easily: Asset refinancing is a quick and simple way to get extra money for your business needs. You get to keep using the asset you put up as security.
Pay over a longer time: We can take over your current financing deal with another company and extend the time you have to pay. The costs are fixed, so there won't be any surprises while you're repaying the loan.
Choose what's best for you: Use the cash injection for your business or buy other things you need. It's more flexible than some other financing options.
Decide quickly: Getting cash from your assets helps you make faster decisions when dealing with business contracts. Use the money for hiring people, buying new things, or expanding your workspace.

An example of how it can work for you...

Let’s say you run a manufacturing business and one of the assets you own is a CNC machining tool to create parts for customers. You need money to expand, so rather than taking out a traditional loan, you decide to utilise the value in your existing assets by refinancing the machine. You approach us and we agree to buy the CNC machining tool from you. After giving you the cash, you then lease it back from us. You make monthly payments – think of it like rent - based on how much money the machine helps you make. When the lease is done, you own the machine again. It’s like getting a loan using your machine as collateral.

Finance is secured against the asset and/or equipment. If you're unable to keep up with your payments we may repossess the asset and/or equipment.

Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.

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