The practical answer
Potentially. Owned or partly financed machinery may support refinance subject to ownership, valuation, condition, settlement and lender criteria.
Provide serial numbers, specification, location, ownership records and current finance details. Specialist or fixed equipment may require a valuation and consideration of removal or premises rights.
Equity depends on accepted current value, not the original invoice or accounting book value. Ask what cash remains after settlement and transaction costs.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: Asset refinance →Explore the relevant guides
CNC & manufacturing finance — For production machinery, tooling and commissioning plans.