NEW Refinance relief funding is now available from Praetura Asset Finance.

As we move into the second quarter of the year, there is hope that an end is in sight due to the success of the vaccination roll-out, but none of us can know exactly how the next few months will pan out, what new challenges will be faced and new opportunities presented.

What we do know is that due to the circumstances of the last 12 months, the cash reserves of many SMEs throughout the country are more constrained than they have ever been before.

There are businesses still very much ‘weathering the storm’, others will be facing increasing costs and there are also many who have taken advantage of the Government-backed loan schemes who will have new repayments to start making soon (if these haven’t already started).

Our new Refinance relief funding will allow businesses to:

  • Create working capital
  • Consolidate existing debts and
  • Conserve cashflow

The number of businesses using asset refinance as a funding tool has increased over recent years. However, there are many company owners and directors who aren’t aware that their firm’s vehicles and equipment could be the key to solving or reducing cashflow worries (without restricting the ability to use those assets).

You don’t have to sell an asset to be able to make use of the value of it, in terms of cold hard cash. Asset refinance is a way that you can unlock the equity tied up in those assets and make use of it when your business needs it most.

If those assets are currently being financed by a lease or hire purchase agreement, refinance could be a way to consolidate those debts and, in many cases, you will be able to reduce your monthly payments by doing so. In these cases, asset refinance can provide both an immediate and an ongoing solution: by the injection of working capital straight away and by a reduction in the company’s outgoings each month. The reduction in monthly payments could provide the headroom needed for repayments of Bounce Back or Coronavirus Business Interruption Loan Scheme facilities.

An exclusive added bonus of Praetura Asset Finance’s Refinance relief funding is that until the end of May, we are offering up to nine months interest-only payments*.

Although much attention has rightly been paid to assisting businesses who have been adversely affected by the Coronavirus pandemic, there are others who are experiencing record growth and need funding to aid expansion. Others have diversified their offering due to the circumstances of the last 12 months and need the financial resources to maximise on new opportunities. Our Refinance relief funding is available to assist this tranche of SMEs too.

Our team of experts are here to help

At Praetura Asset Finance, we are proud of the reputation we have built over the years, especially for our expertise in structuring refinance facilities to the specific needs of each individual business. we work in partnership with a wide range of asset finance brokers, commercial finance brokers and business finance advisers throughout the UK.

Praetura Asset Finance are a patron of the National Association of Commercial Finance Brokers (NACFB), who are an accredited trade body representing over 1,900 commercial finance brokers in England, Wales, Scotland and Northern Ireland. A list of member brokers can be found on their website: findsmefinance.co.uk.

To speak directly to a consultant lender who specialises in asset refinance and find out more about our new exclusive Refinance relief funding, you are more than welcome to get in touch with the team at Praetura Asset Finance by calling 0333 323 7830 or emailing enquiries@praeturaaf.com.

 

*Terms and conditions apply. The number of months interest-only payments offered will be dependent on the loan to value percentage of the equity in the assets being refinanced. Refinance relief funding from Praetura Asset Finance is available from 6th April to 31st May 2021. Please speak to a member of the Praetura Asset Finance team to find out more.