Borrow Against Assets
Unlock the value in your existing assets with used equipment finance
Most business owners have existing business assets that have value. However, many aren’t aware that they can free up funds by borrowing against the value of these assets.
Service Finance recognises the value of old and used assets in business and we’re prepared to accept them as security for finance to help businesses grow.
We will lend against your existing old or unusual assets that have value regardless of their age or how unusual they are. We apply the same criteria as we do for an equipment purchase. We simply value it and lend against it.
If you’re looking to fund business growth, or just need more cash flow, ask your finance broker to help you take stock of your business assets for used equipment finance. You might be surprised how much value can be locked up in existing assets.
A long term Transport client of mine dedicated to his profession for many years unfortunately found, due to circumstances out of his control, it difficult to obtain funding from the traditional banks. The forward thinking of the team at Service Finance worked with us to produce an outcome that was easy to manage and progressed my client’s opportunity. Without this flexibility, my client’s business may have lost their contract, but more importantly, I could have lost him completely as a client. To have a flexible financier on my panel that will create opportunities where others can’t helps my brand to service the now often complex Transport Industry!
Challenge: A client had run a successful bar for several years and wanted to re-do the interior to improve the appearance
Challenge: A new business of coin operated gaming machines wanted to grow their business further by purchasing some new machines. However,
Challenge: An inter-state transport business purchased a 1993 refurbished tipper trailer but was unable to secure funding due to the asset's