IT & Technology Financing

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  • Both a lender and broker
  • IT industry finance since 2007
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Equipment, Hardware & Office Refurbishments

Media and Technology Equipment Finance

Technology and IT equipment are a huge key to the success of many industries and sectors. In fact, it’s not just essential for IT companies but for any business to have up-to-date technology and IT facilities. There is no downplaying the significance of having high-quality and state-of-the-art equipment. But when it comes to starting up your technology business or updating older equipment in an industry that is constantly evolving, it is no easy task to roll out technology equipment that will set you apart from the competition.  But at Portman Finance Group, we can help. With our technology and IT equipment finance options, you can invest in your business in the ways that matter.

How does it work?

IT, Technology & Media Financing Simplified with Portman

We know that finance can sometimes be confusing and stressful, but what we do is simple.

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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.

Enquire today
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Embrace the Hybrid Workplace

With the rapid increase in the popularity of hybrid, flexible working, teams must be able to keep up to be able to work efficiently and reliably. This means having the equipment, software and systems in place to aid with working remotely. A distributed workforce using cloud-based digital tools is now very common, but there are many implications for tech companies and IT support agencies, including the reprioritising of investment plans.

Extended support desk hours, remote-management tools, job-specific user training, enablement of cloud software, collaboration tools, and dealing with employeeprovided equipment are all changes required alongside the appropriate security overlay. Greater partnership with HR teams is also required to set appropriate policies governing behaviour and usage.

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Invest in Your Team

Relentless pressure on IT, and a desire for flexibility have driven a huge number of resignations across businesses and agencies alike. Make sure you invest in your own working environment. Investing in the facilities, office condition, training and technology available to your own team could have a significant impact on retention and your ability to move forward.

Our team of experts is ready to help

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Support Emerging Technologies

Whether we are talking about the Metaverse, AIdriven ecommerce sites, robots that support the logistics industry or the internet of things, the opportunities for Technology-based businesses are growing. But, to keep supporting a rapidly evolving industry, you have to keep up and be prepared to adapt and diversify your services. Businesses that stick to what they have always done will be left behind. Invest in research, embrace joint projects and make sure your infrastructure can cope.

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Understand Supply Chain Data

Global trade over recent years has meant that many supply chains have become increasingly complex and, as we have learned recently, are easily disrupted by problems far away. One way of tackling this is a better use of data, improving visibility and connectivity between links in the chain. Greater visibility means alternatives can be sourced, manufacturing can be aligned, and customer expectations can be managed. Businesses are therefore looking to integrate data flows with their suppliers. More accurate information on the whereabouts of components provides early warning of bottlenecks and delays.

This trend will likely create opportunities for tech businesses to design or support new software platforms and to integrate disparate businesses, aligning hardware and processes across countries. But, with complexity and scale like this, businesses that benefit from the trend will be those that have invested in the knowledge. This means helping their customers in the development of tools that provide actionable insight, not just transfer data and can build multinational architecture or simply host the hardware that supports 24/7 international visibility. To discuss any investment plans, call Portman to discuss finance for technology in your business.

How can we support your IT business?

As we’ve mentioned, there is a wide range of ways you can invest in IT and technology to elevate and transform your business. From the quality of your business and service offering to cash injections to boost your investment across your entire company, we can help. Learn more about our different finance options available here, and don’t hesitate to contact us for further advice and guidance.

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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 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
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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, 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 preserving the credit card or overdraft for contingency and operating expenses when the unexpected happens.

Explore Start Up Loans
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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 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.

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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 IT businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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