Bank Refinance
Refinancing, or rebanking, is when an existing debt responsibility like a loan is replaced with another debt responsibility under different terms.
For businesses, this can mean paying off an existing loan by taking out a new loan or loans. Its often part of a restructuring of a business.
Below, we’ve included some reasons why your business might want to look at refinancing options, and what those options might be. If you’d like more information, please get in touch.
Why you may need to refinance or rebank
Rebanking and refinancing offer ways of funding the working capital (the available cash) you may need to maintain your business or to seize opportunities for further expansion.
Shorten the term of a loan
An adjustable-rate mortgage to a fixed-rate loan
Lower your interest rate on a loan
Lower your repayments
Cash out home equity
Overdrafts
Overdrafts are short-term or ongoing lines of credit advanced by your bank or another lender. Like most finance types, the availability of any overdraft facility depends on the viability of your business.
Loans
Alternatively, a lender may advance a loan for a fixed amount generally by instalment over an agreed term. This loan may be unsecured or secured against assets of your business. A secured loan means that the lender may take possession of the asset used as security.
Asset refinancing
Any asset held by your business which has not already been used as security against other borrowing or loans (otherwise known as an unencumbered asset) may be used to raise finance against those assets.
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How else can we help you?
Our clients vary in terms of their financial status and their mission. Some already own some form of country-based assets and simply want a better deal. Assets could include a farmhouse, land, buildings or other country property. Other clients are looking to buy their dream estate.
Many need finance to fund a diversification project which will produce income. Or they are expanding their farm or replacing expensive debt.
Some have run out of cash on a building project or could be under heavy financial pressure.
Livestock Finance
Asset Finance
Vehicle Finance
Green Energy Projects Finance
Project Finance
Property & Land Finance
Why use Buzz Financial?
At Buzz Financial, we have considerable experience in helping clients to expand their businesses by accessing the funding that is needed.
By considering your unique needs, we will find the business finance solution that is most appropriate for your business and your industry. We will then present you with the most financially attractive options to help you move forward quickly.
To find out more, complete our online enquiry form or contact us by telephone or via email to discuss your business goals with us.