asset refinance

Asset based finance is a procedure of providing working capital and loans that are secured by accounts receivable, inventory, machinery, equipment and / or your real estate. This type of funding is great for startup companies, refinancing existing loans, financing growth, mergers and acquisitions, and management buy-outs (MBOs) and buy-ins (MBIs).

asset refinance

An illustration of asset-based finance would be purchase order financing which might be appealing to a business that has stretched its credit limits with vendors and has reached its lending facility at the bank. The failure to finance raw materials to fill all orders would leave a company operating under capacity. The asset-based lender finances the purchase of the raw material, and the purchase orders are then assigned to the lender. After the orders are filled, payment is completed to the lender, and the lender then deducts its expenses and fees and remits the surplus to the company. The weakness of this type of financing, however, is the high interest typically charged - which can be as high as prime plus 10per cent.

asset refinance

We like to acquire a more capitalist standpoint of the name "assets". So our bankers may perhaps agree that your tangible and intangible assets can tolerate you substantial borrowing capacity for your company.

Even if your existing bank thinks in a different way.

For the reason that every corporation has a distinctive set of issues, solutions are based on a combination of asset based finance, cash flow or equity finance. Typically, it would be for raising finance between $2m and $30m. And solutions are provided on both a revolving and fixed term basis.

What's in it for me then?

Continuity of funding is assured.
You retain command of your business, because that is what you do best.
We structure the facility to suit. As that is what we do best.

asset refinance

Am I eligible?

Asset based finance could suit:

Businesses that thoroughly need some ready capital. Conceivably you're considering a management buy-out, a buy-in, streamlining, acquisition, refinancing or turnaround opportunity.
Businesses well-known for at least a year with turnovers from $5m up to $200m.

Contrasting other finance, factoring is available next to your invoicing and not your house or your business but you will require a business plan.

asset refinance

So what do I do?

Write a business plan and send it to us and we will ensure that your business receives the correct financing and in a way that relieves you of so much administration, stress and headaches.

It does not matter what your business does
It does not matter where your business is
It does matter that you get the right finance for your business
Write your business plan and contact us

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