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Scaffolding Finance
- £10k to £2mil. 3 months to 6 years.
- Business Loans & Asset Finance.
Simple Finance for Scaffolders
Whether you’re a new-start or large contractor, scaffolding finance can be crucial to helping you win new contracts, expand your yard, set up a new site, or invest in additional racking, storage and vehicles. As your business grows, you may also need to support office space or bring in portable or modular buildings to meet operational demands.
At Portman, we’ve been securing finance for scaffolders for over a decade. We’re a member of the NASC and work with all the major manufacturers such as Afix, George Roberts, Lyndon, Trad and Evolution. Whether you need asset finance for additional kit or a commercial loan to cover operational costs, we can help.
How we’ve helped other scaffolders:
- £225k on a 3 year Hire Purchase agreement for a scaffolder in the Home Counties to support a contract on a block of flats, referred to us by George Roberts Ltd.
- £100k on a 3 year Lease Agreement for a scaffolder in the North East to support a new commercial project.
- £25k on a 12 month short-term Lease Agreement for a scaffolder in the North East experiencing significant growth in its domestic work.
- £20k on a 36 month fixed-term lease for a scaffolder in the Midlands to support a large domestic housing contract, referred to us by Lyndon SGB.
- £122k on a 36 month Hire Purchase agreement for a scaffolder in London. We beat other brokers to support a free-standing access project.
Why scaffolders use Portman
- Experience – We’ve been doing this for 17 years and know how to get great deals for our customers.
- Quick and easy – Simple process, quick turnarounds, particularly compared with securing a bank loan.
- We work with all the major suppliers – As well as a range of lenders giving you options and flexibility.
- Tax breaks – Using a lease 100% of your monthly rental is deductible from your profit meaning less corporation tax.
- Preserve contingency funds – Don’t use up your credit card or overdraft facilities.
- Protect cashflow – Scope creep, project delays, late invoice payments all affect cashflow for scaffolders who can incur significant costs in the meantime.
- Expansion – There’s often a need to buy all the materials upfront in order to fulfil a new contract.
- We just do a good job – You sort the site, we’ll sort the finance…
What can I finance?
- Lorries & flatbeds
- Materials handling
- Scaffolding & formwork
- Access & safety gear
- VAT bills & operating costs
Spread the cost of new or used scaffolding
Cashflow issues affect 84% of construction firms, tying up cash in an industry that is subject to lots of delays and supply issues, disrupting project schedules, affecting cashflow and workload.
But, you might still need to expand your kit, invest in a new system or grow to win contracts whilst preserving your cash for contingency that will cover operating costs and wages if a job is subject to unexpected delays or costs.
On top of that, newer or smaller contractors often don’t have the funds to buy outright and with banks being less keen on funding scaffolders because the asset is not uniquely identifiable, you need a finance specialist well-versed in the industry to help you grow.
Is your business eligible for scaffolding finance?
Any limited company can apply for finance and we will do our best to help. Your turnover and time in business is much less important than your trading and equity position. Your eligibility and access to the best rates will be improved if:
- You have a strong equity position either within the business or as a homeowner.
- You have a strong balance sheet and cash position
- Your business has a positive net worth
- You have signed contracts for new jobs
- You don’t have personal credit issues or CCJs
Portman operates as both lender and broker, with the ability to assist companies of all sizes in many different trading situations. Any queries, get in touch.
Expand and win new contracts with Portman Finance Group
Fund your next stage of growth
Whether you’re expanding your yard, opening a new site, investing in additional racking, or adding vehicles to support new contracts, growth in scaffolding often requires significant upfront investment.
With asset finance, you can spread the cost of:
- Yard expansions and storage solutions
- Vehicles and transport fleets
- Scaffolding systems and additional kit
- Portable and modular site buildings
So you can scale your operations without draining your working capital.
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