Construction Finance

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 choose 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 wants to own the item at the end of the term. This often happens when the asset has a significant usable lifespan, a high residual value, and will not need to be upgraded.

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, and the company leases 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. 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.

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 cash flow fluctuations and take opportunities where 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 the lender can claim ownership of if repayments are not made. These may be used in equipment refinance deals.

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. You can remain 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.

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 3 months 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, while your asset earns money.

You can use high value assets not currently financed as security for a loan, subject to a valuation. Lenders will offer a cash loan up to a % of the asset’s value.

The Growth Guarantee Scheme is the latest Government backed loan offering commercial loans to businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS.

GGS Loans can be used for any legitimate business purpose or simply to provide cashflow. The government continues to guarantee 70% of the outstanding balance to the lender, giving added security, with lenders 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.