Survey Technology & Drone Finance

Portman triangles
  • Underwater & aerial drones
  • Units, cameras, docks & payloads
  • Spread the cost of equipment
  • Win contracts, capture opportunities
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427 reviews on 4.8 stars
 
  • Both a lender and broker
  • Equipment finance since 2007
  • Trusted industry partner
Investing in the latest equipment keeps you up-to-date in a fast-moving sector

Finance for drone units, cameras, payloads and software

Recent reports suggest drones contribute £45bn p.a. to the UK economy and have helped businesses achieve costs savings of £22bn, with drone finance helping unlock this. This fast-growing industry has quickly progressed from the realm of toys and amateur photography to being crucial for advanced surveying, aerial photography, and underwater inspection sectors.

With headway now being made into the security and transport sectors, commercial drone usage is becoming increasingly common. But capable systems do come at a price, and many businesses are choosing to spread the high cost of the initial outlay with asset finance from Portman. Already partnering with some of the sector’s biggest distributors, we’ve also worked with the media and communications industry since our inception in 2007.

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How does it work?

Efficient Funding for Advanced Photography and Surveying Businesses

What we do is simple.

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1. Get started in 1 minute.

A simple online enquiry gets you started.

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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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Finance the latest drones and equipment

Commercial use of drones is rapidly expanding and with it the need for drone finance. However, as businesses begin to see the opportunities that drones offer, those that capitalise early are bound to get ahead of their competition. From aquaculture, to hull inspection, environmental surveys to wildlife photography, capabilities of the latest drones are ever expanding along with the need for expert businesses to operate them. Business loans or asset finance allows SMEs spread the cost of this new technology and seize opportunities to win new contracts.

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Diversify for new income streams

Farmers can now deploy drones to survey their soil to determine planting and fertiliser usage. Security services are using drones to spot intruders or keep an eye on their sites. Utility companies are using drones to check for water and gas leaks. Portman has secured equipment finance in all these industries since 2007, and is increasingly providing drone finance right across the economy. We understand businesses need to invest to generate future income or risk getting left behind. So whether you’re expanding or diversifying, we can help secure the funding you need to get the latest technology and boost your business.

Our team of experts is ready to help


Finance options support your tech business

Being in the drone sector is an expensive business. An industry spanning creativity and science using amazing technology, but the rate of progression is taking us in directions previously the preserve of sci-fi. That means the overhead of keeping up with that evolution is rising too. Portman brings a creative approach to supporting drone-based businesses – with access to over 45 lenders, including our own lending, we have unmatched flexibility in how we build a finance solution.

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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 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.

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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.

Most achievable where you have high value personal assets to use as security or can offer a cross-company guarantee, start-up finance for your drones means preserving the credit card or overdraft for contingency 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 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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Government-backed finance

Government-backed finance offers 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 for the latest scheme.

Recovery Loans or the Growth Guarantee Scheme 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

Successful businesses invest and evolve with finance.

Unlock your potential with Portman.

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