Equipment Refinance.
For sole traders
& partnerships

£
Rated excellent on Trustpilot
  • Asset Finance & Business Loans

  • A Professional & Friendly Service

  • A Broker with Multiple Funding Options

Portman Financial Services

Release equity from assets your business already owns

Equipment refinancing allows you to sell and lease-back or HP-back assets that your business already owns. Typically, recently purchased or high value items can be re-financed, boosting cashflow. If you have a very recent purchase and wish you had used finance to spread the cost and retain your free cash, this is normally achievable through a sale and lease-back (or HP-back) facility. If your purchase was less recent, send us the invoice and we can look at a refinance arrangement where a proportion of the value of the asset can be released to you as cash on a finance agreement. Whilst you retain use of the asset, it technically belongs to the lender, paid for with monthly payments on terms up to 6 years.

Portman make it simple

How do I release equity from my equipment?

Whether you’re a finance pro or just want to get on with serving your customers, your dedicated account manager will guide you through the process, searching the market, structuring your proposal and completing applications on your behalf.

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1. Register your interest

Simple enquiry form, does not affect your credit score.

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2. A quick chat

A dedicated Account Manager will call to discuss your goals, your situation and request appropriate documents.

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3. We approach our funders

We use our panel to find the best funding options, complete proposals and make applications.

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4. If accepted, your funds are released

If the applications are successful and you accept, funds are quickly released.

Enquire today
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How does equipment refinancing work?

If you have recently bought a high-value item outright but would prefer to have financed it, we can help. 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 sale and lease-back or HP-back agreement, whilst you retain full use of the asset. 

If your asset was purchased more than 3m ago, we can look to release cash through refinance. As long as the asset has value and is owned by you, we can arrange an agreement where the asset is used as security for a 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.

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Which assets can I refinance?

Equipment refinance is most common for ‘hard assets’, largely machinery and plant or vehicles as these items have a higher long term value. The higher the value of the asset, the more money can be released to you. There will typically be a cut-off on asset age with our funders, however as long as your asset value exceeds the loan amount you are looking for, we are happy to try and assist you.

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Why Portman Financial Services?

Portman Financial Services is focused on serving the needs of sole traders and small partnerships. This dedicated business is part of the Portman Finance Group, which can draw on over 15 years experience securing funds for over 12,000 UK SMEs, raising £1bn in funding. Whatever industry you are in and whatever funding you are looking for our experts can help.

  • We can help with finance for most types of assets and purposes
  • We take time to understand your business and secure funding that best meets your goals
  • We will do our best to help even if you don’t have a strong credit history
  • You will have one point of contact from start to end
  • If you need funds quickly, we can sometimes release funds within hours

Contact the SME experts at Portman today

Let our experts find affordable funding for you

Register your interest
OUR TRACK RECORD

A professional, personal service every time

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Excellent service

A very straight forward, and super speedy, service. We were assigned to Andrew and he really could not have be more professional and helpful. He took time to understand what we were looking for and based on that came up with the best possible route. Highly recommend!!

Lottie Elmehagen
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Worked hard to find the right deal

Rob worked hard to find the right product for me and get everything in place. He gave some good advice with regards to the products on the market. Very happy with the service and the regular updates.

Tony Lewis
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Simple process with quick turnaround

Portman, and Jack in particular, were easy to deal with and helped with some medium term funding requirements. The whole process was fairly straightforward and needed little work on our part. Definitely recommend.

Mel Wright
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Excellent service from Portman

I have used Portman Asset Finance before and I was pleased with the service I received the first time. When I contact them this time I spoke to Daniel Cooper who was really helpful and kept to his word and promises. I can not fault the service I received and I would highly recommend them. Much better than HSBC who I bank with.

Ross Wilkins

Excellent / 500+ reviews

Trustpilot