We are open, we have funding available to help UK businesses and we are here to help.
‘Unprecedented times’ is a phrase that we are hearing on an increasingly regular basis. We are facing situations and circumstances that we have never encountered before and the situation is changing on an almost daily basis.
Our offices may have had to close, but our funding lines haven’t. We are fortunate to have previously invested in the technology (and tested it rigorously) to ensure that every member of our team is able to work remotely. This means the help, advice and funding assistance we can offer remains unaffected.
Refinance relief
Increasing strain is and will be placed on the cash flow of businesses throughout the country. At Praetura Asset Finance we have been looking at different ways that the funding we have available can help bolster cash reserves and reduce monthly payments, to help ease the strain for both new and existing customers. Accordingly, we now have two new ‘Refinance Relief’ initiatives in place.
Asset refinance is a tool which allows businesses to unlock cash from the value of their vehicles and equipment, while continuing to be able to use them. In essence it provides a source of funding from something your business already has. Whether the assets are being financed by hire purchase or lease agreements or owned outright, asset refinance is possible.
Refinance relief re-draw facility
For businesses who currently have hire purchase, lease or refinance agreements in place with Praetura Asset Finance, we are offering a new re-draw facility. This will allow them to release any available equity from the financed assets and by extending the term of the original deal we can reduce the monthly payments too*.
Refinance relief reduced repayments option
For new customers looking to raise cash by unlocking capital from their business’ vehicles and equipment, we are offering the option of a 50% reduction on payments for the first three months**.
If you have finance arrangements in place with other lenders, we are happy to look at the option of refinancing those too
Here to help
More importantly than anything, we’re here to help.
The team that work at PAF have amassed a wealth of knowledge over the years and that is available to you to use, should you need it.
Unsurprisingly, we have been inundated with payment holiday requests and please be assured that we are doing everything we can to assist each and every business requesting our help.
We are proud of the reputation we have built, particularly for our expertise in the field of asset refinance. We understand that every business is different and we will work with you to structure the funding to suit the specific needs of your company’s circumstances.
Should you need any help or assistance, please don’t hesitate to get in touch by calling 0333 323 7830 or emailing sales@praeturaaf.com.
Terms and conditions apply, please get in touch with our sales team to find out more.
*Re-draw facilities will be subject to a previous clean payment history and sufficient equity in the assets.
**If the 50% three month discount option is taken, subsequent monthly payments from month four will increase (on a pro-rata basis, unless agreed otherwise) to ensure the full amounts are paid over the full term of the agreement. This offer is currently applicable to all refinance arrangements going live from 17 March – 30 June 2020.
