How does equity release finance work?
Portman can help you release working capital from assets that you already own. If you recently bought a high-value item outright but would now prefer to have financed it, we can help through a sale-and-lease-back, or sale-and-HP-back facility. Typically if you have bought an asset within the last 3 months and would now have preferred to finance it, we can assist. Send your invoice to Portman and, subject to checks, we can usually facilitate a full invoice value payment to you. You’ll then make fixed monthly payments including interest under a finance lease or hire purchase agreement, whilst you retain full use of the asset.
We can look to release cash from existing assets through refinance. As long as the asset has value and is not currently on finance, we can arrange an agreement where the asset is used as security for the loan. The funder will arrive at a valuation of your asset(s) and will typically lend up to an agreed percentage of that valuation. This is also well-suited to items coming to the end of an existing finance deal where a final balloon payment is required.
Can refinance be used to purchase assets from abroad?
Some funders will only deal with UK-based suppliers so it can sometimes be difficult to obtain a loan or traditional asset finance if you need to buy equipment from a foreign supplier. However, in these instances, we may be able to consider a sale-and-lease-back facility or look to refinance existing assets to enable you to make your purchase.
What is business refinancing?
Refinancing is often seen as debt consolidation, reorganising a business’ financial obligations by restructuring existing loans. This usually takes the form of transferring multiple loans into one or securing a lower rate if the business now has a better credit rating. The benefit of both options is typically lower monthly repayments either through changes to the rate or the term of the loan, effectively making the monthly repayments more affordable.
Portman is not a debt management company and we recommend seeking specialist advice if your sole aim is to consolidate loans. However, we are able to consider an element of refinance when looking at a new finance agreement, most typically if you are looking to part-exchange an existing vehicle with outstanding finance.
Excellent communication and help throughout the process. Easy and prompt emails. Highly…Daniel Cooper
Portman and the entire team are great to work with, know their lenders and products incredibly…Marney Howe
Very smooth operation
I have now dealt few times with Portman Finance and it has always been very smooth and…Anthony ienco
We used Portman Finance to secure finance for a new restaurant we are opening. Jack Weston…David B