Construction Finance – Bridging & Equipment Loans

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  • Construction industry finance since 2007
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Cashflow, Bridging Loans, Equipment, Vehicles & Machinery

Business Finance for Construction

Whether its asset finance for new equipment, commercial vehicle finance for a new pickup or yellow-plant, cashflow for operational costs or a bridging loan to finish a development, thousands of constructions businesses each year use Portman for their business finance needs.

With terms from 3m to 6yrs, borrow from £10,000 to £2,000,000 at rates tailored to your business from one of the UK’s largest independent lenders and brokers. Supporting the construction industry since 2007.

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How does it work?

Simple Construction Financing Solutions from Portman

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

A dedicated account manager will discuss your needs and collect documentation.

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

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Construction equipment finance

With the UK focused on growth and development and the easing of planning restrictions under the new Government, construction projects large and small are likely to get a boost. Capture opportunities, win new contracts, take on additional projects and spread the cost of your new vehicles plant and machinery with finance from Portman. Asset finance will get you the best rates and with access to over 45 lenders plus our own funds, we can source the funding that best fits your needs and business

Get your business ready for anything, with construction equipment finance from Portman.

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Bulk buy materials in advance on flexible finance

Many trades need to buy large amounts of materials to tackle a job. With supply chain disruption still a problem, avoiding the cost of site delays and increasing materials costs can be avoided by building firms by bulk buying materials and storing them, using short-term funding to avoid price increases.

Successful construction businesses will be those that can guarantee their supply lines, both when bidding for work and in their ability to finish the job on schedule. Portman finance can give you the buying power to purchase in larger quantities to reduce unit costs and command priority status on back orders.

Our team of experts is ready to help

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Bridging loans to complete a project

Its common to run out of working capital before completing a job due to changes in schedule, material costs or unexpected development costs. A short term bridging loan helps construction firms complete a job getting a property ready to sell when the loan can be repaid.

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Short-term and flexible loans to secure cashflow

Construction businesses are often paid in stages; get to slab-level get paid, complete first fix, get paid. But in the meantime there are a lot of operational costs, subcontractors to pay and delays to contend with. A typical solution to boost cashflow is a short-term or flexible loan that smooths out peaks and troughs in income and helps keep everyone on the job.

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Financing plant and machinery

Construction machinery, yellow plant and commercial vehicles are all expensive items. Buying them outright can really hit your cashflow when you need it for contingency and to cover operational costs. Spreading the cost of these ‘hard assets’ not only attracts typically the best finance rates, it means you can get what your business needs to grow without the significant initial outlay.

We offer asset finance specifically for plant and heavy machinery, and can also provide auction finance, pre-approving you for a type of vehicle up to a set amount so you can bid with confidence.

How can we support your Construction business

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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 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.

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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, 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.

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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 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.

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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. 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.

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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 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.

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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 at 14.99% 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

Successful construction businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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