Can I release the asset’s full value?

Usually not. The lender determines an eligible advance using its assessed value, asset type, saleability, condition, and applicant risk.

Can an asset with existing finance be refinanced?

Potentially. The current lender’s settlement and security position must be established, and the new proposal must support repayment of that balance.

Is this personalised financial advice?

No. This page provides general educational information. A suitable structure depends on the asset, applicant, intended use, and lender assessment. Seek independent professional advice if you are unsure.

Asset finance questions answered

Can I refinance an asset I already own?

Direct answer: Yes, an eligible asset that your business owns outright may be refinanced to release working capital. The lender assesses ownership, asset value, condition, marketability, existing security, the purpose of funds, and the business’s ability to repay.

Discuss your application Asset finance overview

How lenders look at it

The question behind the headline

Asset refinance converts part of the value held in equipment or vehicles into cash while the business continues using them. It is not the same as receiving the full original purchase price: lending is based on current assessed value and lender policy.

Credit assessment

What is likely to influence the decision?

Clear title

The applicant must demonstrate ownership and disclose any existing finance, debenture, lien, or other security affecting the asset.

Current value

The lender may use invoices, market evidence, or an independent valuation and will apply its own advance policy.

Purpose and affordability

The lender considers why capital is being released, how it supports the business, and whether repayments are sustainable.

Possible structure

How the facility may be arranged

A refinance may be structured as a sale and hire purchase back or sale and leaseback. Legal ownership transfers to the finance provider while the business retains use under the new agreement.

Important risks

What needs balancing

Refinancing increases secured debt and places an owned asset at risk if repayments are not maintained. It can also reduce the unencumbered asset base available for future borrowing.

Prepare the application

Information a lender may request

Proof of ownership and original purchase invoice

Asset schedule, serial numbers, condition, and location

Details of existing security or settlement requirements

Accounts, bank statements, and intended use of released funds

Who you could speak to

Graham Nash

Commercial Finance Director

Business loans, cash flow and wider commercial funding

Profile

Arran Turner

Managing Director

General commercial finance and how Sorbus works

Profile

STEP 1
A conversation with a broker
You talk to a real Sorbus broker about the business, the purpose and what is affordable. No application at this stage.
STEP 2
Credit placement
If you choose to go further, we prepare the case and decide which lenders on our panel of 150+ are worth approaching.
STEP 3
Lender assessment
The lender, not Sorbus, underwrites and makes the credit decision. Approval is never guaranteed.
STEP 4
Documentation
If a lender offers terms and you accept, we help coordinate agreements and payout paperwork with you.

Every step after the first is optional. You can stop after the conversation. Sorbus is a broker, not a lender.

Client journey

Explore real client journeys

Read how real businesses approached a funding goal, what Sorbus arranged and what happened next.

Browse anonymised case studies

Enquire about Can I refinance an asset I already own? enquiry

Start with a conversation

Tell us a little about what you need and who you would like to speak to. No obligation, no credit check at this stage. We aim to respond within one business day, Monday to Friday, 9am to 5:30pm.

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Prefer to call?

Speak directly to an adviser Monday–Friday, 9am–5:30pm.

01246 383500

Free call. No obligation.

Unique to Sorbus Finance

Optional: Business Finance Health Check

Not sure how a lender may view your application? Our free Finance Health Check helps you identify strengths and gaps before you apply.

Take the short Health Check

Free · No credit check · Not required before you talk

Want the full picture? The full fact-find is longer and also optional.

Email us anytime

hello@sorbusfinance.co.uk

Frequently asked questions

Key points before you proceed

No. Approval, amount, deposit, term, pricing, security, and conditions are subject to lender assessment and individual circumstances.

Discuss the asset and your circumstances

A Sorbus Finance adviser can help you understand the information lenders may need and the structures that could be considered, without promising an outcome.

01246 383500

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