The practical answer
Potentially. If eligible vehicles have sufficient value above any settlement amount, an asset refinance proposal may be able to release cash to the business.
Supply a vehicle schedule with registrations, condition, mileage, current lenders and dated settlements. The new lender will assess value and its acceptable advance.
Request a breakdown from gross funding to net cash after settlements and fees. The business keeps a new repayment obligation, so include it in the cash forecast.
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.
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