1st December 2017
Ease the pressure on Christmas cash flow with Asset Refinance
Christmas is just around the corner, and for many small businesses this can mean increased pressure on cash flow. This comes down to a myriad of challenges, from customers taking time off over the festive period, to suppliers demanding payment ahead of the big day – all of this can hugely increase stress in the build up to Christmas.
It is around this time of year that business owners in similar positions look to short term facilities such as personal credit cards or overdrafts, and although the temptation of a quick fix looms, these options often end up costing the business more in the long run.
Luckily, there are alternative routes that can ease the pressure and still raise additional working capital at short notice.
At Davenham Asset Finance, we specialise in asset refinance which allows a business to free up working capital by refinancing an asset which they already own, often being applicable to vehicles, equipment or machinery which was previously financed. This route has become popular as an alternative to traditional types of financing which may only offer finance on new machinery, equipment or vehicles, as it is conveniently available on assets a business is already using.
By releasing capital tied up in fixed assets, we can help boost cash flow and stability for a client by maximising the amount that can be raised on everything from yellow plant and machine tools, to laboratory equipment and recycling machinery.
If you think refinance could help support you over the Christmas period whether it be in acquiring new machinery, moving to new premises, or simply stabilising cash flow, get in touch with a member of our experienced team on 0161 832 8484.
It is around this time of year that business owners in similar positions look to short term facilities such as personal credit cards or overdrafts, and although the temptation of a quick fix looms, these options often end up costing the business more in the long run.
Luckily, there are alternative routes that can ease the pressure and still raise additional working capital at short notice.
At Davenham Asset Finance, we specialise in asset refinance which allows a business to free up working capital by refinancing an asset which they already own, often being applicable to vehicles, equipment or machinery which was previously financed. This route has become popular as an alternative to traditional types of financing which may only offer finance on new machinery, equipment or vehicles, as it is conveniently available on assets a business is already using.
By releasing capital tied up in fixed assets, we can help boost cash flow and stability for a client by maximising the amount that can be raised on everything from yellow plant and machine tools, to laboratory equipment and recycling machinery.
If you think refinance could help support you over the Christmas period whether it be in acquiring new machinery, moving to new premises, or simply stabilising cash flow, get in touch with a member of our experienced team on 0161 832 8484.