Scientific, Research & Lab Finance

  • Ensure you operate sustainably
  • Use the latest technology
  • Invest to stay ahead
  • Boost your scope and capacity
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Excellent 300+ reviews 4.6 stars 200+ reviews
 

Scientific, Research & Lab Finance

  • Ensure you operate sustainably
  • Use the latest technology
  • Invest to stay ahead
  • Boost your scope and capacity
Excellent 300+ reviews 4.6 stars 200+ reviews
  • Both a lender and broker

  • Scientific industry finance since 2007

  • Expert personal service

The UK economy faces a range of challenges, made all the more acute by outfall from the pandemic. These include increasing international competition, an erosion of market share in key industries, widespread supply chain challenges, the need to reduce carbon emissions and improve sustainability, and the balancing of regional economic inequalities. The UK government sees innovation as critical to tackling these challenges, and has set a goal to boost investment in research and development in the UK from c.1.7% to 2.4% of GDP, by 2027.

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Take control of your programme funding channels

You can spend a lot of time looking for external funding for your programme, and thereafter be beholden to producing progress reports and demonstrable outputs. With independent financing from Portman, you can take independent control of your programme, enabling you to focus on the science.

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Protect your work

In 2018, the UK was the seventh economy in terms of its share of the world’s triadic patent families – that is, patents registered with all three European, Japanese and United States patent offices. For independent science, research and technical businesses, the cost of fully protecting their work can be prohibitive, leaving them open to infringement and plagiarism in overseas territories. Finance solutions from Portman Asset Finance can be used to fund the expensive process of fully protecting your IP.

Our team of experts is ready to help
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Invest in upgrades

You can use finance from Portman Asset Finance to help purchase or lease the very latest technology and machinery to support your important work.

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Fund third-party expertise

Whatever your field, it is likely that you will need to call on the expertise of third-party service providers. This could mean anything from metronomy to certification, independent verification to consumer testing. Ultimately, it’s a necessary expense that needs to be covered in order to keep your programme moving forward, and Portman Asset Finance can help.

How can we support your Science, Research & Technical business

There is a sense of urgency about the UK government’s determination to see R&D investment rise, and you can understand why – external factors range from overseas competition to global warming – big stuff. If your business is somewhere in the mix, then the next five years should be full of opportunity for you. However, the road to discovery is not a smooth one, and turning that into revenue generation thereafter, even bumpier. Whatever stage your programme is at, Independent finance from Portman can be used to ensure you are able to focus on the science and keep moving forward.
icon Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

Explore Hire Purchase
icon Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

Explore Lease Finance
icon Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

Explore Business Loans
icon Start Up Loans

New businesses often need an injection of finance to get them off the ground. Asset finance for new businesses allows you to focus on running your company and bringing in customers, confident that you have the equipment, vehicle or stock you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

Explore Start Up Loans
icon Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

Explore Refinance
icon Recovery Loans – Ending June 30

With no personal guarantee up to £250k, Recovery Loans offer an excellent way of making sure your business gets back on its feet after the effects of the pandemic. Many businesses affected by the Covid-19 pandemic and its restrictions can access the UK government’s Recovery Loan Scheme (RLS), providing UK SMEs with better access to finance.

Recovery Loans can be used for any legitimate business or simply provide cashflow. Up to £350k can be borrowed on terms from 2 to 6 years and with no personal guarantee up to £250k, your personal wealth is not at risk.

Explore Recovery Loans

Having the opportunity to offer a lease option on a commercial fit out which covers the partitioning, carpets, and furniture – all of the items you would think you couldn’t lease- is fantastic. It means that our clients can keep the same specification, rather than having to cut down and restrict elements of the project. As a contractor, it also means we can get a deposit up front, which secures our labour and materials.

I gave George at Portman a ring, he was really helpful and laid out all the options. We ended up spreading the payments over three years- it is a very simple, straightforward agreement and the decision was back in 24 hours. The whole Portman experience has been fantastic.

From the first call, they were very friendly and very helpful – our Account Manager guided us along the way for our first finance agreement and we’ve never had a problem since. We used them again for the new press six years down the line.

Portman enabled us to spread the cost of purchasing the equipment for our trampoline park, which meant we could use extra marketing channels and launch the business the way we wanted to. If we hadn’t been able to spread the cost of our initial fit out, we probably wouldn’t be in the position we are today.

My Account Manager, Jordan has helped me out from the top to the bottom and I really appreciate what he has done for me. He’s made it a smooth journey for me and was great at keeping me up to date over the phone and would even respond to emails out of hours which I really appreciated.

With the support from Portman, Georgia opened her stunning restaurant in Chelsea, London and has since received a considerable amount of success, receiving glowing reviews about the food, beautiful location and her hard working team.

Lamen needed the finance to secure his dreams. Lamen was assigned one of our dedicated Account Managers, making his process as simple and easy as possible. Portman were able to provide the finance to lease all his Kitchen Equipment so he could stay ahead in the competitive market.

How does it work?

We make things easy

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

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

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

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

Enquire today
Invest in your equipment, R&D and professional capabilities.
Unlock your potential with Portman Asset Finance.