Asset Finance from Close Brothers


Commercial Finance is a leading provider of asset finance, invoice finance and asset based lending across Ireland. Trading for eleven years with offices in Belfast, Cork, Dublin and Galway, our team of specialists have extensive experience working with businesses in a variety of sectors. As part of the wider Close Brothers group, we offer local and quick decision-making, alongside a personalised service with individually tailored funding solutions.

Refinancing for success

A key product for Close Brothers in Ireland is the refinance offering. Refinancing offers a way of accessing the value of company assets quickly, without interrupting workflow.

“One refinance solution which sticks in my mind was for a construction firm based in Leinster,” Adrian Madden, Head of Sales in Ireland, told us. “The business had been established for over 15 years with a steady turnover, and had the opportunity to take on new contracts in the private sector. To realise their ambitions, they purchased a new crane, but after 6 months realised the investment had disrupted their cash flow.”

“To continue driving the business forward, they needed to borrow approximately €400,000 and were keen to find a solution that would not impede their existing work. We suggested refinancing the recently purchased crane to release funds back into the business.”

Refinancing allows securitisation of a loan against the value of assets on a company balance sheet. Close Brothers value the asset, purchase it from you in the short-term, and lease it back over an agreed period. This provides immediate access to working capital, and by the end of the agreed refinancing term, you own the asset outright again.

“The solution was perfect for the business in question,” said Adrian. “We were able to offer a structured plan, alongside tailored repayments which matched their income pattern. This enabled uninterrupted use of the asset, and allowed them to spread the cost over a longer period.”

Find a funding solution for your business

Warning: You may have to pay charges if you repay early, in full or in part, a fixed-rate credit facility.

Close Brothers has extensive experience in valuing and leasing assets, and expertise helping both large and small companies in the construction sector. To find out more about asset finance and refinancing, visit:





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