Sale and Leaseback: Free up cash flow by selling and leasing back your assets
a flexible sale and leaseback option
What is Asset Refinance?
Starting and running a business can be a great balancing act, and sometimes we drop the ball.
What happens if you need to free up some working capital but you’ve already spent all of your available cash on new equipment?
With Coates Finance, you can turn your assets into cash with a Sale and Leaseback, also known as Asset Refinance.
If you are a small business looking to free up some immediate cash flow, you could have everything you need within reach and not even know it.
Asset refinance is an alternative funding option for businesses in need of working capital right away. With a sale and leaseback agreement, businesses are able to sell their existing assets to a lender in return for working capital. Worry not, you can still use the equipment by leasing it back from the lender.
helping you get the right Finance for your Business
How Does Asset Refinance Work?
Refinancing is a fast and flexible way to access working capital without approaching your bank.
Coates will arrange for your equipment to be purchased and then leased back to you over a set rental period.
When the agreed-upon time comes to an end you can choose to keep leasing the equipment or purchase it back.
A sale and leaseback agreement often benefits businesses that already own assets such as vehicles, heavy equipment as well as plant and machinery.
Depending upon how much capital you need for your business you can refinance single or multiple assets. Turning your existing equipment into working capital allows you to improve and grow your business.
helping your business to own the equipment
The advantages of Sale and Leaseback
What are the Benefits of Refinancing?
Refinancing frees up working capital immediately and improves cash flow.
Here are some additional benefits to consider:
- Gives you continued use of the equipment with low monthly payments.
- Spreads your costs over a longer period of time.
- It allows you to make capital on assets you already own.
- Protects your business from asset depreciation.
Is Asset Refinance Right for My Business?
If you run a small business, need to free up some immediate cash and already own valuable equipment and machinery, asset refinance may be an ideal solution for your business.
At Coates, we can help you with the best finance options for your business in line with your requirements.
What Happens When You Refinance?
When applying for asset refinance with Coates, the first thing we will do for you is to determine the value of the asset based on its current condition and how it was used.
We will also use a qualified inspector to determine value of the asset and how much it is worth.
The final step is to transfer ownership of the asset to Coates or one our our funding solution providers.
You’ll get customize a payment plan that works for you and your business. When your payments are complete we will return your asset back to your business.
what can you refinance?
Here’s a list of some of the assets you can refinance
- Buses and coaches
- Catering equipment
- Commercial vehicles
- Engineering equipment
- Farming and agricultural machinery
- Haulage vehicles (tractor units and trailers)
- Manufacturing equipment
- Office and IT equipment
- Plant equipment
- Printing machinery
If you’re looking to refinance – just complete the short form below or give us call today. We can finance almost any business asset.
Sale and Lease Back... Turn your assets into cash
why sale and Leaseback?
Asset Refinance is a simple solution for companies have valuable equipment and need a boost in cash flow.
We can arrange for the purchase your of your piece of equipment (subject to age / value and usual lending criteria) so that you can focus on running the day to day operations of your business
At the end of the agreement you can either keep leasing the equipment or purchase the title to it.
Refinancing is a great way to raise money against assets you already have. It’s also a fast way to raise money for investment.
Highlights of Sale and Leaseback
- Extract cash from your assets – Free up your money and let it work for you
- Competitive Interest Rates – On the re-financed assets
- Fixed Repayment Costs – Great for keeping your cash flow forecast on track
- Fair Market Valuation – The amount leant against an existing asset is based on a reasonable market valuation
- Funds Your Purpose – use the money raised as you wish – from working capital to upgrades and investment
- Better Finance Options for You – Lets you raise money secured against assets that normal lenders wouldn’t consider
a flexible funding option
How to Apply for Asset Refinance
Here is how you can start the process and apply to get your Refinance Purchase Agreement in place.
Before we can successfully process your application, there are a few requirements that your business must have in place:
- Applicant must be a Limited Company or Limited Liability Partnership
- The company must be based in the UK
- Company MUST NOT have any CCJs
If your business passes the above criteria, you’re on your way to pre-approval. Now, all that you have to do is complete the application form so that we can verify some of your credentials to see if you qualify to work with us.
Complete the short form below to go through our pre-approval process where you can speak to one of our knowledgeable finance professionals for a FREE quote.
Working With You To Grow Your Business
Why Choose Coates Finance?
Key benefits of working with Coates Asset Finance
Partner with Coates Finance
Here is what we need to get started
Fast Asset Refinance in 3 Easy Steps
Our friendly team of experts are waiting to assist you and your company.
We’ll help you finalise a solution that meets your needs, and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the short form below and let’s get started today.
Complete the form below and speak to one of our knowledgeable finance professionals, who will answer your questions and guide you through the final steps to a solution that works for you.
Call us on 01904 492851
You can also give us a call if you need immediate answers to your questions. Our friendly experts will happily answer any questions you may have before you begin your application.
Lines are open
9:00am – 5:30pm Monday to Friday
(excluding UK bank holidays)
3 steps to success
We'll Help You Every Step Of The Way
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will get you on a call to answer any more detailed questions you may have and move quickly towards getting your financial requirements successfully approved
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24-48 hours
Now you’ve been approved, you can acquire the assets for you require to grow.
Let's Get Started
All you need to do is complete the form and submit your application to get started today