Soft Play Finance
The current credit crunch has severely impacted all new start businesses looking for finance. Businesses considered niche or ‘non-core’ like soft play centres are finding it particularly difficult to source funding. Everyone is acutely aware that traditional high street funding is less and less readily available for new start businesses.
In this climate, it falls to more specialised finance providers like Portman Asset Finance. We have a thorough understanding of how soft play centres operate and are ideally positioned to help fund these new businesses.
As a funder and a broker we have access to a broad range of lenders willing to lend on a variety of assets for soft play centres. We can finance any asset for business use including: soft play structure, catering equipment, amusement equipment, EPOS, CCTV etc.
Finance can typically be arranged over any period between 2 – 5 years although it is possible to arrange finance over 7 years if required.
We cannot assist tenants unless they can arrange a suitable home-owning guarantor. The best option here is to speak to an Account Manager who will be able to advise you further.Our credit criteria are based on common sense; we do not lend to people with current or recent mortgage arrears even if they have been brought up to date. We are also very cautious about unsatisfied Count Court Judgements (CCJS) and Directors who have declared themselves bankrupt in the past.
Although more difficult in the current economic climate, specialist finance providers are still able to assist new start soft play centre owners. In order to gain a finance approval we will commonly ask for the following information: business plan, financial projections, personal net worth statements for the Directors and personal bank statements for the Directors.