Supplier Finance

Portman triangles
  • Offer finance on your products
  • Enable customers to get what they really want
  • Increase your conversion rate
  • We can promote your business
427 reviews on 4.8 stars
 
  • Use our App for customer calculations

  • Increase sales & conversion rate

  • Additional revenue from referral fees

Grow sales as a Portman Introducer

Offer your customers finance options with our help

Becoming a Portman introducer means your customers will be able to spread the cost of buying from you. They can get the option they really want and buy straight away, increasing your conversion rates and order values. We can also feature you on our website as well as promote your business via social media or email to drive more business for you. On top of that, we have a specially designed App that our introducers use to provide finance quotes to their customers, helping them estimate affordability straight away. Use it to send us leads that are tied back to you.

How does it work?

We make things easy for your customers

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

icon

1. Get started in 1 minute.

Customers enquire without affecting their credit score.

icon

2. Understanding their business.

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

icon

3. Our experts do the leg-work.

We find the right deals, complete applications on their behalf to get a no obligation quote.

icon

4. The no-fuss finance is funded.

If accepted, funds come direct to you as the supplier, you can then arrange delivery to the customer.

Contact our Business Development team
Download the NEW Portman App

Help customers buy from you – Enter the borrowing amount and term to estimate monthly repayments then submit customer enquiries

img
icon

What is Supplier Finance?

In simple terms, supplier finance allows you to optimise cash flow for businesses by lengthening payment terms to suppliers. This is done through a set of solutions resulting in a win-win situation for both parties. 

Learn more about supplier finance and whether it is a right fit for your company’s requirements here. Alternatively, don’t hesitate to give us a call and discuss more details about our supplier finance offering.

icon

Increase sales & improve your conversion rates

If you’re looking for a way to reduce the risk of lost sales due to restricted customer cash flow or limited capital, we can help. 

In partnership with Portman, you can refer your customers to us for various finance options, including supplier finance. This reduces their initial outlay, protects their working capital and allows them to have affordable monthly payments for up to 5 years. This way, instead of being limited by budget, they can get everything they need, whether that’s several items at once, upgraded products or a full suite of items and accessories, without worrying about the upfront cost.

By offering supplier finance options through Portman, your customers will find it easier to buy from you. This unlocks highvalue purchases to more customers and increases repeat business. We offer lease and hire purchase options, giving tailored and flexible solutions to your customers.

img
icon

Business finance options to make upgrades easier

By allowing your customers to buy from you on a lease agreement provided by Portman, you make it easier for them to upgrade in the future or buy the full package that they really need.

With a lease agreement, the customer makes monthly payments for the duration of an agreed term. At the end of the term, one option is for the customer to give the item back and upgrade to a new model. This works very well in industries where technological advancements mean having the latest equipment is important. However, in any industry and through special arrangements with Portman, this can mean that the second-hand item is returned to you to sell, forming an additional revenue stream. (There may be an administrative fee for this arrangement.)

As both a broker and a lender Portman can work with you to create bespoke funding solutions for your customers. This flexibility gives your business a competitive advantage in finding the funding that secures you a sale whilst your customers get everything they need from you and generate revenue immediately, which helps them make the monthly payments.

img
icon

‘Excellent’ customer service

“Rated excellent” by Trustpilot, we pride ourselves on first-class customer service and market leading expertise, which your customers will experience. Let us take care of their finance needs, allowing you to concentrate on what you do best; running your business. 

With our fast, flexible service and a team of dedicated account managers, Portman are able to accommodate your customer from start to finish. We can prioritise their enquiry, working to secure the finance they need to complete their purchase with you quickly.   

We offer a personal and professional service. There’s no complex call centre or different departments for your customers to deal with. An assigned Account Manager will understand your specific needs, then guide your customer through the process. 

icon

Introducer Network Benefits with Portman

Portman engage with thousands of UK-based businesses and so could you. We pride ourselves on understanding their ongoing requirements and business needs.  

Through partnership with Portman we can help you reach a wider audience by jointly promoting our services and the finance available through Portman. We are able to precisely target businesses that could require your products from an extensive database of over 500,000 UK companies.

In addition, we can provide marketing materials for you to promote the service to your customers and will consider joint marketing and advertising campaigns.

Call today to see what joining the Portman Introducer Network can do for both you and your customers. 

img
icon

Benefits of Being a Portman Introducer

  • Customers can get what they need right away.
  • Customers are able to buy all the units they need in one go.
  • Allow your customer to get the model and accessories they really want.
  • Increase your conversion rate.
  • Allow customers to upgrade in the future.
  • Generate additional revenue from increased sales and referral fees.
  • Reach more customers with joint marketing campaigns.

Introducer Finance & Supplier Finance FAQs

icon

Introducer Finance & Supplier Finance FAQs

Can I offer finance to my customers?

Yes. If your customers might like to finance a purchase from you, whether that be for an expensive individual item or package of equipment, Portman can help. We can advise your customers how much finance might cost, which makes it easier for them to buy from you. As well as increased sales conversion, we may offer a referral fee for any finance taken out buy customers that reach Portman through a partner.

Do you offer referral fees?

We may offer referral fees to a supplier who uses Portman as their finance partner. The exact fee will be based on many things including the potential volume of enquiries and value of finance being provided.

Is supplier finance considered a loan?

Supplier finance is an efficient way for business owners to obtain short-term credit without having to take out a loan. Supply chain finance is not considered to be a loan as it is often quicker to arrange and requires fewer criteria for acceptance. 

What are the benefits of having a finance partner such as Portman?

If your business sells high value items, your customers may not always have enough free cash to buy outright or may prefer not tie up the cash they do have in an asset. Using finance allows businesses to get what they need now then pay back the finance as their asset generates revenue. Having Portman as your finance partner simply allows more customers to buy from you. In return, you may generate additional income by receiving a share of the finance amount. We can also provide marketing material to help you promote the partnership, as well as contact our customer database on your behalf to promote your business.

What are the benefits of having Portman as a finance partner?

If your business sells high value items, your customers may not always have enough free cash to buy outright or may prefer not tie up the cash they do have in an asset. Using finance allows businesses to get what they need now then pay back the finance as their asset generates revenue. Having Portman as your finance partner simply allows more customers to buy from you. In return, you may generate additional income by receiving a share of the finance amount. We can also provide marketing material to help you promote the partnership, as well as contact our customer database on your behalf to promote your business. We are also rated Excellent on Trustpilot, meaning your customers will experience excellent customer service.

icon

General Enquiries

Do you offer seasonal payment terms? 

Yes, many of our customers naturally experience high demand for their services during certain times of the year as well quieter periods during others. We tailor all finance agreements to the needs of each business, and lower payments can be arranged during periods when there is a predictable reduction in trade.

Do you provide finance outside the UK? 

Unfortunately, Portman can only finance companies registered and operating in the UK.

How long will I be paying back the finance? 

Terms are available between 2 and 6 years. Options available to you may be dependent on the circumstances of your business, but then the final choice is up to you.

Isn’t it cheaper just to go to a lender direct? 

Whilst banks can offer different rates, they often reject certain type of purchase, businesses in different industries and have very strict lending criteria. At Portman we deal with a panel of over 40 lenders as well funding businesses with our own money. We have access to specialist lenders and specialist types of finance, giving a variety of options and a greater chance of success. Portman may have rates that are not available to a customer who goes direct and can also explore the whole lending market in one go, saving you time. We have access to specialist lenders that are not available to individuals and can even put together finance packages from multiple lenders. All of which gives you competitive rates, with a greater chance of acceptance.

What are your rates?

The interest rates available to each customer vary based on a large number of factors including the trading history and credit rating of the business, the credit history of any company directors, how much money is required and what the funds are being used for. The rates for customers with an exceptional credit rating start from an annual flat rate of 5.3%.

What is the application process like?

Portman can guide you through the application process. After discussing your needs and collecting business documents we can save you time, completing proposals and applications on your behalf. In the first instance, the documents we would need are: copies of a recognised photo ID, 6 months of bank statements, a copy of your business plan and possibly a copy of your CV. For established businesses we would also ask for a copy of your management accounts, profit and loss and balance sheet.

Grow sales by offering finance to your customers.

Find out how today.

Contact our experts

Articles You Might Like