A Recreational Business Finance Success
Boost Trampoline Parks needed to acquire new trampolines and fit-out their facilities to meet local customer demand. However, importing the best equipment from abroad could have proven problematic if attempted through a high-street bank.
Providing finance options such as business loans and flexible/short terms loans, Portman enabled Boost Trampoline Parks to access the necessary funds for equipment acquisition and facility enhancements. The finance team provided expert guidance and a streamlined process, facilitating quick approval of soft play equipment finance and allowing them to spread the cost with monthly payments.
Results and Benefits
Through financing support, Boost Trampoline Parks delivered a high quality experience to its customers, with a full facility fit-out and class-leading soft play and trampoline installations.
They successfully expanded their operational reach by opening in dual locations and maximising revenue potential through a diverse portfolio of equipment.
The financial flexibility provided by Portman Finance Group empowered Boost Trampoline Parks to invest in their business’s growth while managing cash flow effectively.
Boost’s businesses partnership with Portman showcases the effectiveness of soft play and trampoline park finance in the fitness and recreation sector. The same success is transferable to other recreation, gym or fitness facilities.
No matter the type of business, be it a personal trainer or indeed starting your own indoor trampoline park and soft play centre, if your business requires additional funds for equipment within their business plan, you can come to Portman.
By overcoming financial constraints, businesses can invest in new equipment, expand their operations, and provide exceptional experiences for their customers.
Partner with Portman, for a successful future
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 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
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.Explore Lease Finance
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.Explore Business Loans
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
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 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