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Asset Re-Finance
Existing Company Assets can sometimes be tying up valuable cash, which could be used in better ways.
CBF can arrange for the release of funds tied up in Company Assets for a variety of reasons:
- Reduce Overdraft Facilities thereby reducing reliance on the Bank
- Research and Development costs for new projects
- Improve Working Capital
- Fund the buyout of a Partner/Director
- Help with New Premises
- Upgrade/Refurbish Equipment
- Tooling/Software
- Other Reasons
The Majority of Long Life Assets can be Refinanced including:
- Engineering Equipment
- Printing Equipment
- Cars
- Commercial Vehicles
- Bus and Coaches
- Yellow Plant
- Contractors Plant
Procedure:
- If an Asset has a resale value CBF can arrange to release capital
- You decide the asset, which is then independently valued
- An amount is agreed
- A repayment plan is agreed
- Documentation completed
- Funds released
- The agreement is secured on the equipment
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