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ASSET REFINANCE

Use your business assets as security for a new loan

Free up cash for your business without losing access to vital equipment, vehicles or machinery.

  • Release up to 90% of the value of your assets

  • Ideal for businesses with high-value assets and low cash flow

  • Finance released as a lump sum, providing access to capital for investments and day-to-day expenses

 Apply now

Already a Tide member? You can apply for a business loan and other finance directly within the Tide app.

Tide has joined forces with Funding Options, becoming the largest credit marketplace in the UK. 

Providing over £1.6 billion in funding to more than 43,000 UK businesses, we’re on a mission to help business owners grow with confidence. 

How does asset refinance work?

Refinancing assets on a “sale and leaseback” agreement means selling the asset to a lender for a lump sum and leasing it back under a new agreement. The lender will assess that asset’s current market value and the equity that the business holds in it (if there’s any outstanding asset finance).

Based on the valuation, the lender will offer a loan amount. This is typically at a percentage of the asset’s value or the equity held (eg 70-90%). If the asset is still under a prior finance agreement, the new lender will typically pay off the balance of the old loan

Ownership of the asset is transferred when the business sells the asset to the new lender, and cash is then released - this is minus any settled prior finance. The business makes fixed monthly repayments to the new lender over a set term. This includes repaying the principal and interest.

Once all repayments are completed, ownership of the asset typically transfers back to the business.

Are you eligible for asset refinance?

To be eligible for any type of business loan or credit from Tide, you must:

  • Be over 18

  • Be a UK resident

  • Have a UK-based business

  • Have a UK bank account

What do you need to apply for asset refinancing?

  • Basic information about your business, such as how old it is, and your annual revenue 

  • Information on directors and shareholders

  • Bank statements covering the past year

Depending on your business and the finance you need, the criteria may differ.

 Apply now

We've already helped businesses secure more than £1.6 billion

We’ve provided funding to more than 43,000 businesses across the UK, as part of our mission to help business owners grow with confidence.

How to apply for asset refinancing

With access to over 80 lenders, Tide will find a lender tailored to your business - and the process is simple.

  1. Tell us how much you need to borrow We’ll ask you how much you need, what it’s for, and for some basic information about your business.

  2. Compare loans without impacting your credit score We’ll connect you to the largest network of lenders in the UK, so you can view affordable credit options that suit the unique needs of your business.

  3. Apply in minutes Once approved, you’ll receive a quote from a lender you matched with.

  4. Get a decision and receive your money Depending on the type of finance you’ve applied for, credit could be available in around 24 hours.

Apply now

Access a range of business finance options from our trusted partners

What is asset refinance?

Asset refinancing helps businesses turn the value of their existing assets into usable cash, without losing access to them - this includes equipment, machinery and vehicles. It's an ideal funding option for businesses that have a number of assets to their name, but are running low on capital.

The amount a lender might offer will vary depending on the value of the asset. The amount you can borrow is limited by what the asset is worth, which is determined by what the asset is, its condition and what percentage of it you own.

With asset refinancing, you don’t have to own 100% of the asset outright. For example, if you’ve used vehicle finance to secure a company car and still owe a portion of that loan, you can simply leverage the equity you’ve already built up.

What can asset refinance be used for?

Improving cash flow

Cover general running costs, manage short-term working capital gaps and handle seasonal lows.

Funding growth

Invest in new projects, expand into new markets and cover the costs of new staff, inventory or contracts.

Consolidating debt

Pay off multiple, high-interest debts by grouping them into a single, new finance agreement.

Acquiring assets

Put down a deposit to secure new, higher-value equipment, vehicles or property.

Restructuring finance

Settle any existing finance agreements on the assets to secure better terms, lower interest rates or longer terms.

Covering costs

Address sudden, significant business expenses or tax bills without having to dip into vital cash reserves.

What are the benefits of asset refinance?

1. Retained access 

Your business can continue to operate the asset without disruption, unlike selling it outright to raise the capital.

2. Flexible funding

Lenders often view asset refinance as lower risk, which can make it more accessible for businesses with limited credit histories or trouble accessing traditional business loans.

3. Flexible ownership

You don’t need to have full ownership of the asset to qualify. You can simply leverage the equity you’ve already built up, even if you’re still paying off a previous finance agreement.

4. Non-dilutive capital

Get a cash injection without selling a stake in your company or bringing in new business partners.

5. Potential for better terms

When restructuring old finance, you can often negotiate a longer repayment term and potentially lower interest rates.

Aaron MoOng Ong Buns

With the help of Tide and their team of business finance experts, I was able to navigate the complexities of business finance, and secure the necessary funds to grow my business.

Alternatives to asset refinance

Whether you’re stacked with overdue invoices or after more flexible funding for wider projects, we have options for you.

Revenue-based financing

Your payments adjust to your revenue, increasing when sales are good and decreasing when business is slower.

Explore revenue finance

Business credit cards

Manage cash flow, earn rewards and build your business credit score.

Explore credit cards

Asset based loans

Turn your assets into cash whilst maintaining ownership.

Explore ABLs

Invoice finance

Unlock cash from unpaid invoices, improving immediate cash flow.

 Explore invoice finance

How to track your business credit score

Are you wanting to improve your business credit score?

Credit Score Insights is a simple and affordable way to help you understand, track and take action to help you boost your business credit score.

 Track your credit score

Learn more about financing your business

Explore more funding guides
Explore more funding guides

Asset refinance FAQs

It depends on the lender, but generally yes. This is known as multi-asset refinance or portfolio refinance. Instead of having to manage separate agreements for each asset you choose, you group them together under one new finance agreement.

The amount a lender will offer is generally determined by the current value of your asset, and the equity you have in it.

Some specialised lenders may offer up to 100% of the asset’s value, depending on the circumstances, but the typical range for asset refinance is between 70-90% of the asset’s current market value.

If you own the asset outright (100% equity), you can typically access a higher percentage of its value. If the asset still has outstanding finance, the new loan will first be paid off to pay off the remaining balance. The cash you receive will be the maximum amount minus that outstanding debt.

We understand businesses, it's all we do

We understand businesses, it's all we do

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