Extending the Life of Older Equipment...
How do I fund a significant repair, rebuild or refurbish existing equipment, plant and machinery?
Extending the life of existing equipment by rebuilding or refurbishing it can defer major capital expenditure and be a very cost-effective option for your business.
HOWEVER, it may be challenging to fund from cash flow and traditional funders may be reluctant to consider the existing asset as appropriate collateral, impose further security requirements or require repayment over a short period not recognising that the life of the asset is being extended.
At All About Finance, we are specialist funders and strive to understand your assets. We have the ability to structure a longer term for you; resulting in a loan matched to the economic life of your asset; making your monthly payments more manageable and improving cash flow.