What is Equipment Refinancing?

Equipment refinancing is a type of asset-based lending where a business’s working equipment serves as collateral for the loan. It is a financial tool used to convert long-term assets into cash in hand. The purpose of refinancing is typically to obtain a significant injection of working capital or to restructure debt. Refinancing can be used to fund growth, meet immediate financial obligations, support a turn around strategy, or consolidate multiple loans, making it more efficient to manage debt and improve financial stability.

No Posts Found



OTHER TERMS BEGINNING WITH "E"