As Banks carry on to tighten their lending criteria business overdrafts often the first in the firing line; gone have the days of readily available overdrafts or the flexibility to extend your facility easily.
Asset Refinance or otherwise known as sale and leaseback can be a welcome alternative for the progressive business owner in need of additional working capital.
Sale & Leaseback gives your company an instant cash injection. You can release the capital tied up in your commercial vehicle fleet, machines or business equipment and redeploy the cash back into the business as working capital. Sale and Leaseback can be used where your company already owns its assets. Your asset could be purchased at an agreed realistic market value and then leased or sold back to you through the funding method of your choice. Sale and Leaseback is an extremely effective and popular method of realising large amounts of ‘cash’ in return for asset title transfer. Naturally the company continues to use the assets in the course of its operating business.
The Business Finance team at Enable Finance believe in taking a holistic view at a Company’s financial requirement, it’s this broad stand point that allows our consultants to come up flexible and creative funding lines for a Company, who can often be in desperate need when their overdraft facility has been pulled or reduced.
The cash flow problems created when having your overdraft facility withdrawn can be immense often resulting in the business being unable to pay its trade suppliers, fore fill orders or even worse push the company into liquidation.
Cash flow within a business is essential; it truly is the difference between life and death if your business has been effected in any way by the tighten of Bank lending criteria or you would Enable Finance to discuss what alternative funding sources could be available to your business please contact Phillip Evans direct 01623 812902 or follow some of the links to find out more.