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

“Mulberry Asset Finance have looked after my business loan and finance requirements for quite a few years now - and I trust them implicitly to find me the best deal they can, in the shortest time and with the least amount of hassle to myself. We've financed whole pub refurbishments through to small kitchen equipment and many things in between. There has never been a hitch or a delay and everything is conducted with the utmost professionalism and with a genuine interest in my business. I really can't recommend Mulberry Asset Finance highly enough... ”

Paul Spencer, MD, The Plough Inn at Lupton

“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

“I use Mulberry Asset Finance because I know that they will look at my needs and efficiently advise me of the best options available for my business. Always my first choice.”

Peter Fryer, Managing Director, English Lakes Ice Creams Ltd

“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 was very pleased I chose Mulberry Asset Finance to work with on my new poultry business. The whole deal was arranged quickly and, most importantly for me, they did exactly what they said they would do and on time. It is very satisfying to work with people who give you a good deal and who you can rely on.”

Jennifer Bain, Owner, J Bain Farming

“I have used Mulberry Asset Finance several times for the Hire Purchase of coaches. I have always found their speed of operation and personal attention very satisfactory and I would not hesitate to use them again in the future.”

Barry Pickthall (JB Pickthall Coach Operator)

“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