What can business loan or asset refinance be used for?

Unlock cash equity from your owned hard assets or save money by securing a better business finance deal or consolidate existing debts.

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Securing better terms on existing loan agreements

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Consolidating multiple financial agreements

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Lowering interest rates

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Reducing number of repayments

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Accessing additional capital

Releasing equity, not raising new debt

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Millbrook asset refinance solution - Construction workers

Why choose asset & equipment refinancing?

Refinancing is a popular option for businesses who would like to free up cash flow or release equity. This can be done through the refinancing of existing hard assets or securing better terms on a business loan.

Apply for a asset refinance - tick iconFind a better deal

What can business loan or asset refinance be used for?

Unlock cash equity from your owned hard assets or save money by securing a better business finance deal or consolidate existing debts.

green-check

Securing better terms on existing loan agreements

green-check

Consolidating multiple financial agreements

green-check

Lowering interest rates

green-check

Reducing number of repayments

green-check

Accessing additional capital

Releasing equity, not raising new debt

See our success stories Browse Millbrook's success stories - arrow icon

How can loan or asset refinance help your business?

Our asset and loan refinance helps to ease pressure on businesses, improving cash flow, enabling growth and innovation and driving greater productivity. Maximise your potential and seize new opportunities with our flexible and tailored solutions.

Asset refinance can also release the shackles of a high-rate and uncompetitive finance deal. We can refinance the existing agreement with your current lender and arrange bespoke terms to fit your circumstances.

Learn more in our Short Guide to Asset Refinance.

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Lower interest rates

Refinancing a hard asset or loan can lower your interest rates and monthly payments, saving your business money over the life of the loan.

Improved cash flow

By lowering monthly payments, asset and loan refinance can improve a business' cash flow and provide more funds for other expenses.

Commercial debt consolidation

Use commercial refinance to consolidate multiple debts into a single loan, simplifying payments and potentially reducing overall interest costs.

Increased equity

Refinancing can build equity in the asset, which you can use to secure additional financing or cash flow in the future.

Improving credit rating

By consolidating debts and making consistent payments, a business's credit rating may improve, making it easier to obtain financing in the future.

Reduce number of repayments

With a refinacing loan, you can reduce your number of repayments, saving you money on interest costs.

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Helping businesses like yours

 

We understand building a successful business can take years of dedication, be a lifelong dream or require a lightbulb moment to make it a reality. We focus on your finance, so you can make the magic happen.

Unlocking cash equity hidden in hard assets

Refinancing a skip loading truck to free up cash flow for a recycling business.

white tick icon Released equity from asset to smooth cash flow
white tick icon Approved and paid out in 48 hours
white tick icon Multiple deals completed for the client

PAUL

Operations Director

quote-green Trustpilot logo

Ray McAuley from Millbrook has secured multiple deals for us over the years, for us there is only one stop and that is Millbrook!

PAUL

Operations Director

Operations Director - Asset refinance

Raising £2.4m through refinance

A national renewables company wanted to raise money to fund operational expenditure.

white-check Released equity, instead of raising debt
white-check Competitive interest rate
white-check T&Cs tailored to the business

CASEY BOTTERILL

Senior Business Finance Specialist

quote-green Trustpilot logo

Businesses sometimes don't know the amount of equity they have within their assets. Refinancing is a great way to raise funding from your valuable hard assets.

CASEY BOTTERILL

Senior Business Finance Specialist

Casey Botterill - Senior Business Finance Specialist at Millbrook

Why Millbrook Business Finance is different

 

With attractive rates and flexible repayment terms, our asset and equipment refinance loans let you harness untapped potential to fuel growth.

Finance rates icon

Highly
competitive rates

Funding for any sector icon

Finance for
any sector

Repayment terms icon

Repayment terms
of up to 7 years

Flexible repayments icon

Flexible deposits and
repayment terms available

Funding up to £25m icon

Receive funding
up to £25m

100% refinance icon

100% refinance
available

Apply now for asset or business loan refinancing

 

Ready to refinance a hard asset or business loan? Take your business to new heights and secure your financial future with our tailored solutions.

Start your application for asset refinance - tick icon Start your application

Need a different business finance solution?

Millbrook does more than just asset and equipment finance. We have an array of flexible financing options to meet any requirement. Head to our solutions overview page or browse the options below.

BUSINESS LOANS

Get fast unsecured and secured business loans from £25k–£25m.

check-dark-green For any business purpose
check-dark-green Up to 10 years repayment terms
check-dark-green Funding approved within 8 hours
Learn more

RECOVERY LOAN SCHEME

Recover from the pandemic with this government-backed initiative.

check-dark-green 70% government backed
check-dark-green Up to £2m per business
check-dark-green Available in addition to CBILs & BBLs
Learn more

ASSET & EQUIPMENT FINANCE

Support your business growth without impacting your cash flow.

check-dark-green Purchase any asset
check-dark-green Simple application process
check-dark-green Repayment terms up to 7 years
Learn more

VEHICLE FINANCE

Fund any vehicle purchases, from vans and lorries to supercars.

check-dark-green Flexible deposits available
check-dark-green Tailored balloon payments
check-dark-green Hire purchase, lease or refinance
Learn more

REFINANCE

Release cash equity from equipment or obtain better terms on existing finance agreements.

check-dark-green Release cash from your equipment
check-dark-green Obtain improved finance terms
check-dark-green Great for debt consolidation
Learn more

MERCHANT CASH ADVANCE

Quickly raise working capital against your company's card sales.

check-dark-green No interest rate or fixed repayments
check-dark-green Borrow up to double your monthly card sales
check-dark-green 90% approval rate
Learn more

COMMERCIAL PROPERTY FINANCE

Get quick access to property-related finance.

check-dark-green Repayment up to 30 years
check-dark-green Interest-only products available
check-dark-green 80% LTV or 100% with security
Learn more

INVOICE FINANCE

Unlock funds tied up in outstanding invoices.

check-dark-green Up to 90% of invoices’ value
check-dark-green Your facility grows with you
check-dark-green Fast and simple to release cash
Learn more

Need help choosing the right finance solution for your business?

Business finance can be complicated. To help you make sense of the options available, we've created this handy interactive Business Finance Checklist.

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Looking for business boosting content?

 

Explore the latest financial news, opinions and insights from our industry experts and thought leaders.

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