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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 £1.1 billion in funding to more than 19,000 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 £1.1 billion

We’ve provided funding to more than 19,000 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.

Access a range of business finance options from our trusted partners

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?

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

Business credit cards

Asset based loans

Invoice finance

Learn more about financing your business

Explore more funding guides
Explore more funding guides

Asset refinance FAQs