Product category:
Estimating Software
News Release from: Victory Leasing & Finance | Subject: Plant and equipment leasing
Edited by the Buildingtalk Editorial
Team on 07 February 2008
Unlock hidden value in your plant and
equipment
Victory Leasing and Finance can assist your company to find the most suitable funder to purchase your equipment assets and lease them back, releasing new capital.
Is your business "feeling the pinch" or are you worried about increasing bank borrowings at a time when the media is full of concerns about a possible downtrend in the economy? Do you fear that your overdraft might be recalled or reduced at a moments notice and yet you require additional funds to make an important purchase or to invest elsewhere in your business?
This article was originally published on Buildingtalk on 8 Nov 2007 at 8.00am (UK)
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Victory are an independent company specialising in providing all types of finance for the acquisition of plant and equipment in the construction/plant hire industry.
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Some businesses in the construction industry with similar concerns have taken advantage of the hidden value which exists in assets owned by them, such as plant and equipment, by refinancing them.
Many businesses are unaware of the substantial potential benefits to this form of asset finance which can be a very effective financial tool for releasing cash tied up in the business.
Companies that use this facility have discovered that the equity tied up in their plant and equipment can be made to work more efficiently by reinvesting into the business.
An organisation like Victory Leasing and Finance can assist your company, by using its expertise and many contacts in the finance industry, to find the most suitable funder to purchase your equipment assets and simultaneously lease them back over an agreed predetermined period, leaving existing lines of credit, such as bank overdraft, unaffected and your business undisturbed allowing for the continued use of the assets in question.
From a technical standpoint, when refinancing assets, an agreement is made between the current owner of the assets (the Lessee) and the new owner (the Lessor).
Repayments are made monthly over a fixed period of time, the rate of interest is also generally fixed facilitating easier budgeting.
The exact terms of each agreement can vary considerably and it is wise to consult an independent advisor before commitment, but asset refinance can be a relatively low cost way to raise funds.
Victory Leasing and Finance are a independent finance company specialising in providing equipment finance for the construction and allied trades.
Please contact us for further details.
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