Asset Refinance – Beacon Of Optimisation

Refinancing emerges as a beacon of financial optimisation and scaling growth.

Refinancing of existing debts or the refinance of an asset, whether paid off or close to being settled, might become a beacon of financial or cashflow optimisation.

You might have an asset previously subjected to a finance product, but it has been paid up since. Considering the refinancing of such an asset could be the solution to access cash flow in a faster manner than the traditional solutions, such as overdraft increases and loans.

Your business had to use traditional loans during times of growth or cash flow constraints, so you accepted the first offer that came across your desk. However, looking into an alternative finance product to replace that original finance product might turn out to be a jackpot when it comes to revised interest rates and terms.

Often, the original finance product was granted at a time when your business was not looking as good as it could for financiers. However, you have grown, and your business is now positioned to attract favourable views of your current position and could unlock better terms than those originally granted. 

Benefits of refinancing

• Unlock cash flow

• Interest rate reduction

• Business expansion

• Debt consolidation

• Secure more favourable terms

• Credit Score improvements

Evaluate your financial position when considering refinance

• Assess your Assets and Liabilities

• Understand your existing cashflow and or future cashflow requirements

• Interest rates, terms and conditions of existing liabilities

• Creditworthiness

• Tax implications or benefits

• Goals and growth projections

After evaluating these 6 factors and the benefits of refinancing, one should marry the outcome of both considerations to bring you to the decision on whether refinancing could become your beacon of business optimisation and growth model.

Core Finance can assist you with refinancing, short-term finance, and asset finance.

Before buying your next vehicle, allow Core Finance to assist with financing.

Please ask your Core Associated firm to refer such needs to Core Finance to unlock your full financing potential.