Part Time Income From Home

Amusement Equipment Leasing

Portman Asset Finance are a burgeoning company who specialise in providing equipment finance to UK businesses, most recently working in and with the coin-op sector. Coinslot magazine spoke to managing director Alex Read to see if they could tap him up for a loan.

“Portman Asset Finance work at the heart of UK economy, enabling businesses of every kind to acquire the equipment they need to prosper,” began Read. The company was set up in 2007 by Read who had spent the previous five years learning all about the industry as Head Underwriter for another firm: “I felt I’d gone as far I could go with my previous company and really needed a new challenge.”

Read has overcome much of that challenge in an impressively short period, staffing up from sole trader to an eight-strong team of account executives.

Working primarily with international banking group Investec, Portman Asset Finance can provide capital for products ranging from £1k to £1m. Read noted: “The coin-op sector is perfectly suited to the service we provide. Companies looking to make a sizeable capital outlay on a large piece of equipment, finance conversion of a large estate of S16s or even re-financing should definitely consider our products. More than that, the coin-op sector is a perfect industry to work with; traditionally they are well-established and easy to get approval for credit. I think it’s also important to note that we, like the coin-op sector, have the type of versatile approach which means we can provide finance for a lot of things the sector probably haven’t considered – including shop fitting, building work, partitioning and even suspended ceilings.”

Back to nuts and bolts, Portman Asset Finance is able to finance any equipment acquisition. So the theory goes, you pay for the equipment with the income it generates or the costs saved, helping you to maximise your working capital. Portman Asset Finance can also release cash tied up in existing equipment to invest elsewhere in your business.

Read continued: “Whether you’re an established blue chip company, a new start venture or somewhere in-between, we will work with you to tailor a finance solution that fits your business requirements. As a growing business, we understand the need for quick decisions and efficient service which is why an Account Manager will return a decision on your application within two hours of your initial phone call. In terms of re-finance, we can process applications in as little as 24 hours and have funds paid directly into a bank account on tangible assets purchased within the last two years. We also offer the ‘Flexible Finance’ scheme for businesses or individuals that have suffered in the past from adverse credit information including County Court Judgments.”

Fact File: Portman Asset Finance Ltd

• Based in Northampton
• www.portmanassetfinance.co.uk
• Managing Director: Alex Read
• Eight employees
• Equipment finance packages
• Work in food, retail and coin-op

Article Source:http://www.articlesbase.com/finance-articles/amusement-equipment-leasing-1555829.html