Asset refinance involves using the value of assets your business already owns to either raise capital, restructure existing borrowings, or both.

Yes, PMD offer asset refinance solutions. It’s a great way to unlock the value tied up in existing assets to support your business’ cashflow or growth plans.

Asset refinance works by a business selling an asset/assets to a lender, who will then lease or finance them back to you. You’ll receive a cash injection while retaining use of the asset.

Asset refinance can improve cashflow, consolidate existing finance, fund new opportunities, or be used for a mixture of all three. It’s a smart way to make your assets work harder for your business.

Most tangible assets can be refinanced, including vehicles, machinery and equipment. If you’re unsure, just ask and we will let you know what is possible.

The funds raised through asset refinance can be used for almost any business purpose. Whether it’s investing in growth, managing cashflow, or paying off existing debt.

Yes, it’s possible to refinance assets that are currently under finance. This can help restructure your repayments or release equity tied up in the asset. Get in touch to explore your options.

Funds can often be released within a few days, depending on the asset and your business circumstances. PMD work with a wide panel of lenders who offer fast and flexible solutions.

Refinancing may change your current finance terms, especially if you’re consolidating or restructuring debt. We’ll work with you to ensure the new terms suit your business needs.

Yes, asset refinance is a sensible way to improve cashflow. It allows you to release the value of assets your business already owns, providing a cash injection without potentially taking on additional debt. Cashflow can then be used for any legitimate business purpose.

Absolutely. If your business owns assets outright, you can refinance them to release capital. This is a great way to raise funds while continuing to use the equipment.

In some cases, a valuation may be required to determine the asset’s current market value. PMD will guide you through this process and liaise with the valuer and funder on your behalf.

Asset refinance can affect your future borrowing capacity, particularly if you are releasing cash as part of the refinance. It’s crucial to ensure that any new borrowings secured under an asset refinance agreement don’t impact your ability to take out future asset finance agreements as you invest in new equipment. PMD can guide you through this.

Yes, you can refinance assets that are essential to your business. You’ll retain full use of the asset throughout the agreement, ensuring no disruption to your operations.

Yes, PMD can support sole traders and partnerships with asset refinance solutions. As long as the asset is used for business purposes, we’ll work to find a suitable facility.

Yes, refinancing can help restructure existing agreements, potentially lowering your monthly payments. We’ll work with you to find a solution that eases pressure on your cashflow.

Absolutely. Asset refinance can provide the capital needed to support your plans without disrupting operations, whether that’s for growth opportunities or to manage cashflow.

Not necessarily. Assets under existing finance agreements may still be eligible. We’ll assess your current arrangements and advise on the best way forward.

Yes, you can bundle multiple assets into one refinance agreement to benefit from having just one monthly repayment.

Definitely. Asset refinance can be tailored with flexible repayments structures to suit seasonal cashflow patterns.

Yes, it’s a great way to raise capital for growth without taking on additional debt or disrupting your operations.

Depending on the structure, ownership may transfer temporarily to the funder, but you’ll continue to use the asset as normal and ownership will return to you once the final payment has been made.

Yes, newer businesses can access asset refinance, especially if they own valuable equipment or vehicles. We’ll help assess your eligibility.

In many cases, yes. We’ll review your current agreements and advise on whether refinancing is possible.

The tax implications of asset refinance will depend on several factors including the type of refinance agreement entered into and the nature and use of the asset. Usually, a refinance of an asset already owned by the company will not be treated as a disposal/acquisition and will therefore usually not have an impact on capital allowances. Interest and finance charges on the refinance agreement are tax deductible meaning that tax relief will be obtained over the term of the refinance agreement. We recommend speaking to your accountant for tailored tax advice.

At the end of the refinance term, title of the equipment will be passed back to yourself.