Asset Refinance for Business

If you’re considering how to raise cash for your business to boost working capital, recruit staff, consolidate debts, invest in marketing and more, asset refinancing is an increasingly popular facility to raise business funds.

What is asset refinance?

Asset refinance is a means of releasing money from a commercial asset that your business already owns. Many businesses across all industries have cash tied up in valuable equipment, machinery, vehicles etc; a refinance facility allows you to draw down on the value of one or more commercial assets, depending on the desired amount of funds.

To obtain the required capital grow your business, refinance is a straightforward arrangement and it can be arranged against most commercial assets.

How much money can I release?

Depending on the value of the asset/s that you would like to refinance, we can normally release up to 80% of their forced sale value.

Is asset refinancing suitable for me and my business?

Our team will establish the most suitable solution for your circumstances. Refinance solutions are typically suitable for businesses that are asset-rich and need to boost to their balance sheets. Asset refinance is an alternative form of finance that does not affect existing bank finance. It does not rely on a credit rating or business performance, as monies are secured against the owned asset.

How long does an asset refinance arrangement last for?

Asset finance arrangements typically last around 5 years, but the period can usually be adjusted to suit a business’ circumstances.

What are the advantages of asset refinancing?

Your business continues to use the asset as normal whilst releasing funds
A fixed finance arrangement allows effective budgeting
Maintain ownership following the arrangement
Funds typically released within two weeks
Boost business cashflow
Simple, straightforward solution

“Mike and his team are like having your own finance department. I've called out of hours on occasions for advice, very helpful when you're on the move. Always keen on rates and made to fit in with the business. Thanks again Mike and his team.”

Dave Greenbank, Managing Director, Greenbank Crane Services

“Dundee Tyres Ltd is a tyre recycling company based in Carlisle, we needed a new machine to continue our expansion and Mike Robinson from Mulberry Asset Finance was on hand to assist. Our needs were specific and complex as the machine was sourced from overseas and was bespoke to our needs. The purchase went smoothly, and I would not hesitate in recommending Mulberry Asset Finance to any other Cumbrian Businesses.”

Simon Pluckrose, Managing Director, Dundee Tyres Ltd

“We have worked with Mike and his team at Mulberry Asset finance for over 5 years. During this time, they have provided us with the specialist finance which has allowed us to develop and expand our Free Range Egg Production and Egg Packing business. Our recent investment in additional packing equipment has seen our Through Put ability increase and as a result, has helped our business increase its turnover by over 30%. Mike and his team are always keen to understand our business requirements and have a professional, straightforward approach which makes the whole process an efficient, cost effective source of finance. I would strongly recommend Mulberry Asset Finance’s service.”

Paul Arthur, Owner, P.S. Poultry

“I have used Mulberry Transport for ten years. They provide an excellent service for my business and I can access finance to buy the various wagons, machinery and other equipment that I need to run my business. Finance is agreed and arranged within one week, I highly recommend Mulberry Transport.”

Jimmy Dickinson, Director, J Dickinson Transport Ltd

“We have been dealing with Mulberry Asset Finance for over 10 years and have always found them to be efficient, courteous, professional and above all very pleasant to deal with. On top of that, they have always enabled us to obtain the type of finance deal that we have been seeking whether it be for capital investment or vehicle purchase.”

Mark Whitehead MBE, Hawkshead Relish Company Ltd

“I had a coffee coaster with Mulberry Asset Finance on and decided to get a quote from them along with two others. They responded immediately with a quote. They gave a personal touch, whilst remaining competitive and efficient. I have now used them twice and found them a delight to deal with.”

Dale Benbow, Benbows Bros. Timber

“Mulberry Leisure played a key part in arranging asset finance for our capital equipment spend during a large and daunting business expansion. The Mulberry team took the time to visit and understand our needs, then provide a range of finance options to meet our budgets. We look forward to working with Mulberry Leisure in the coming years.”

Paul Reynolds, Owner, The Traddock

“As a company we have been dealing with Mulberry Asset Finance for the past 10 years. We have found them to be so easy to deal with, they make things so simple and effortless, leaving us to concentrate on the day to day running of our business. Their help and advice have been instrumental in our growth and development of the business. Long may it continue!”

Mike Cooke, Managing Director, Breed Clean Ltd