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Continuing to support SMEs with Asset Refinance options

Close Brothers Asset Finance remain ‘open for business’, supporting SMEs with critical finance solutions.

Asset Refinance / Capital Release

Asset Refinancing (Capital Release) is a quick way to access the value of assets on your existing balance sheet and use that value elsewhere within your business – for example, to fund a deposit on new equipment or ease cash flow.

Sale and HP Back is a form of refinance that can be used against most types of equipment, making it suitable for companies of all sizes, including sole traders. It works by us purchasing the asset and financing it back to you. Repayments are calculated in line with the income stream that will be generated by the asset and at the end of the refinance term, you own the asset.

This option applies whether you already own the asset or are using it under a finance deal with another provider.

Benefits of Asset Refinance / Capital Release

  • Efficiency - Uninterrupted use of the asset
  • Spread the cost further - We can take over the finance agreement you have with another provider and extend the term
  • Choice - Give your business a cash injection or use the money to buy other assets that may not be accessible through Hire Purchase or leasing agreements
  • Make fast decisions - Releasing capital can help you make faster decisions when negotiating business contracts

You could also be eligible for a government backed Coronavirus Business Interruption Loan.

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Speak to us today – our experts are always here to support you!