Small Business Finance (UK)

Such is the difficulty faced by small businesses in obtaining finance from banks and high street lenders; the UK Government has had to call on the banking sector to increase financial support to small and medium enterprises (SMEs). Unfortunately, despite successive Labour and coalition Chancellors demanding increased funding for SMEs, many businesses continue to find themselves short of the financial assistance they require – but help is not far away.

Portman Asset Finance provides tailor-made finance solutions to small businesses, medium enterprises and start-up companies (subject to status). Offering competitive rates on small business finance, Portman Asset Finance leads the market in providing affordable solutions in a challenging economic climate.

Small businesses are guaranteed to receive a decision on their applications to Portman Asset Finance within 2 hours, making the process of requesting funds as straightforward as possible. Portman Asset Finance accepts around 98% of applications and makes funds immediately available to successful applicants. The company also bolsters business with its experienced and customer-oriented team of account managers, who can oversee new funding projects and help businesses secure capital assets.

In many ways, small business finance is the lifeblood of a healthy and burgeoning economy. SMEs rely on funding to obtain capital assets, such as tools, machinery and business equipment. Small business finance also paves the way for increased leasing opportunities, which can provide several significant advantages over direct or upfront purchasing. Most notably, SMEs in receipt of small business finance can take control of their immediate and long-term future by using funds in a carefully controlled and prudent manner, as shaped by providers such as Portman Asset Finance.

Ensuring that any SME survives in today’s turbulent economy is no minor feat, but nurturing an enterprise that requires many large or expensive assets is virtually impossible without small business finance or an equivalent form of lending or support. Small business finance provides SMEs with funding for equipment, materials, tools, vehicles and various other types of capital asset. Finance options vary from one provider to another, as do rates and repayment terms. Small business finance may be required at any stage of a company’s existence, with most firms applying for funding during start-up or whenever equipment needs to be replaced or renewed.

Portman Asset Finance aims to take the stress and hassle out of acquiring small business finance. The company also supports SMEs by offering fixed interest rates and flexible repayment periods.

Contact the Small Business Finance Team at Portman Asset Finance on 0844 800 8825.