Case Study

Commercial Vehicles
Fleet Expansion

Company —
Property Services
Business Type —
Maintenance, Cleaning and Repairs
Requirement —
New Vehicles
Solution —
Hire Purchase

Commercial Vehicle Finance Drives Business to the Next Level

Learn how a reputable provider of property maintenance services catering to the construction industry looked to expand its offering, including property refurbishment, renovation, landscaping, and general maintenance, with commercial vehicle finance.

The Challenge:

With continued growth and expansion of their client base, this business recognised the need to upgrade their equipment and commercial vehicles to meet the increasing demand for their services. To remain competitive and offer efficient property maintenance solutions, they required modern equipment and reliable commercial vehicles. However, the capital investment required for such upgrades was a significant financial challenge.

Finance as a Solution:

To overcome the financial hurdle and improve their offerings, this business turned to Portman to provide specifically tailored financing solutions for businesses in the property maintenance services industry, including commercial vehicle finance.

Equipment and Vehicle Upgrades:

With the financial support from Portman, the business invested in new equipment, including a versatile work and dispatch vehicle with high reliability and efficiency for commercial use. The new equipment and commercial vehicles significantly improved their service capabilities, allowing them to provide top-notch property maintenance services to their clients.


  1. Expanded Service Offerings: The upgraded equipment enabled the business to offer a wider range of property maintenance solutions, meeting various client needs and attracting new business opportunities.

  2. Improved Client Satisfaction: With reliable commercial vehicles, they could ensure timely and efficient service delivery and increase equipment capacity, resulting in higher client satisfaction and repeat business.
New vehicle bought with finance

Challenges for Property Maintenance Businesses and Solutions with Finance

  1. Capital Intensive Upgrades: Upgrading equipment and commercial vehicles can be costly for property maintenance businesses. Commercial vehicle finance from Portman provides a flexible solution to acquire the necessary assets without depleting capital reserves.

  2. Seasonal Demand: Property maintenance services often experience seasonal fluctuations in demand. Finance options offer the flexibility to manage cash flow during quieter periods and invest during peak seasons.

  3. Technology Advancements: The property maintenance industry witnesses technological advancements. Asset finance options such as equipment finance, or equipment refinance, enables businesses to stay updated with the latest equipment and vehicles, enhancing efficiency and service quality.

Benefits of Commercial Vehicle Finance:

  1. Preserved Working Capital: By opting for commercial vehicle finance, businesses can preserve their working capital for day-to-day operational expenses and unforeseen contingencies.

  2. Flexible Repayment Options: Commercial vehicle finance offers flexible repayment options tailored to the business’s cash flow, easing the financial burden.

  3. Tax Benefits: Leasing or financing commercial vehicles may offer tax benefits for the business, reducing overall tax liability.
New vehicles purchased using hire purchase


Through strategic financing with Portman this business successfully upgraded their equipment and commercial vehicles, enhancing their property maintenance services and gaining a competitive edge in the local market. The financial assistance, offered by commercial vehicle finance, allowed them to overcome financial challenges and strengthen their position as a reliable provider of property maintenance solutions.

Worker after purchasing new vehicles

Partner with Portman, for a successful future

There are plenty of finance options out there for you, deciding which is right for you will take time and consideration. But why should you choose these financing options from Portman?

At Portman Finance Group we are focused on serving the needs of you and your businesses, and have been doing so for thousands of other businesses since 2007, raising over £1 billion in funding for UK SMEs. 

We take the time to truly understand your business and what you need, ensuring we secure the right funding for you. As both a broker and a lender, we can also offer financial options that others cannot. We promise you will have one point of contact from start to end, providing you solutions quickly, sometimes within hours.


Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

Explore Hire Purchase

Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

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Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

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Start Up Loans

New businesses often need an injection of finance to get them off the ground. Asset finance for new businesses allows you to focus on running your company and bringing in customers, confident that you have the equipment, vehicle or stock you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

Explore Start Up Loans

Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

Explore Equipment Refinance

Recovery Loans

Recovery Loans offer an excellent way of making sure your business gets back on its feet after the long-term effects of the pandemic and subsequent supply chain disruption. Businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS, can apply.

Recovery Loans can be used for any legitimate business purpose or simply to provide cashflow. Rates are capped and the government continues to guarantee 70% of the outstanding balance, giving added security for lenders who are now able to consider finance for businesses who may have previously found it difficult to obtain.

Up to £2m can be borrowed on terms from 2 to 6 years. Your personal private residence cannot be taken as security.

Explore Recovery Loans