www.portmanassetfinance.co.uk Open in urlscan Pro
35.244.153.44  Public Scan

Form analysis
3 forms found in the DOM

/wp-content/themes/portman-theme/includes/zoho/create-contact.php

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  <div data-screen-id="one" class="screen active">
    <h3>Drop us a note</h3>
    <p>For loan or asset finance enquiries please use <a href="#form">our enquiry form</a> instead. For supplier or administrative enquiries please use the form below </p>
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    <h3>Thank you!</h3>
    <strong> Thank you for sending us a contact request. Our Client Relations team will handle your enquiry and will come back to you within 24 hours. </strong>
    <p> In the meantime, take a look at our frequently asked questions </p>
    <a href="/faq/" class="button green">View FAQs</a>
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/wp-content/themes/portman-theme/includes/zoho/create-lead.php

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    <h3>About your business</h3>
    <p>Tell us about your business so we can assess your finance options.</p>
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      <label for="Finance_Amount">How much would you like to borrow?</label>
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    <div class="tooltip"> Finance from £10,000 </div>
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							<div class="title">Sole trader or Partnership</div>
							<div class="subtitle">Contact Portman Financial Services</div>
							<img width="66" height="76" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%2066%2076'%3E%3C/svg%3E" alt="Sole Trader" data-lazy-src="https://www.portmanassetfinance.co.uk/wp-content/themes/portman-theme/img/form/icon-options/sole-trader.svg"><noscript><img width="66" height="76" src="https://www.portmanassetfinance.co.uk/wp-content/themes/portman-theme/img/form/icon-options/sole-trader.svg" alt="Sole Trader"></noscript>
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            <p> Due to the current Financial Regulations, Sole Traders and Partnership enquiries will be handled by Portman Financial Services. Please click below to jump to our dedicated website </p>
            <a href="https://portmanfinancialservices.co.uk/#form" target="_blank" class="button" id="pfs-button">Visit Portman Financial Services</a>
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    <p>We’ll use this if we need to contact you about your application.</p>
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          <label for="Last_name">What is your second name?</label>
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      <div class="privacy"> Phone numbers must be <strong>UK format.</strong> <br><br> We will only use your number to contact you regarding your financial requirements. We will not sell or pass on your data to third parties </div>
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    <h3>Thank you!</h3>
    <p>
      <strong> You’re all set! Thank you for submitting your eligibility form. One of our account managers will be in contact within 24 hours. </strong>
    </p>
    <a href="/faq/" class="button green">Got questions?</a>
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  <div data-screen-id="six" class="screen error">
    <h3>There was an error</h3>
    <p>
      <strong class="message"> There was an error sending your information. Please contact us using the information here instead: </strong>
    </p>
    <a href="#contact-form" class="button green">Contact us</a>
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Text Content

Excellent

400+ reviews on

01604 761 276
 * Business Finance
   
   
   * BUSINESS FINANCE
     
     Secure your future and unlock your potential with Portman's fast,
     affordable finance solutions.
     
     Excellent 400+ reviews 4.7 stars 240+ reviews
   * * Asset Finance – Flexible equipment finance
     * Hire Purchase – Spread cost of purchase
     * Lease Finance – Monthly lease payments
     * Equipment Finance – Any item, any sector
   * * Business Loans – Borrow £10,000 to £2m
     * Flexible & Short Term Loans – Flexible repayments, 3 – 24m
     * Corporation Tax Loan – Spread your annual bill
     * VAT Loans – Finance your quarterly bill
   * * Recovery Loans (RLS) – Government-backed scheme
     * Start Up Finance – Borrow £10,000 to £500,000
     * Equipment Refinance – Release equity from assets
     * Supplier Finance  – Finance for your customers
 * Sectors
   
   
   * INDUSTRY FINANCE
     
     With access to over 40 UK lenders, we have helped over 10,000 businesses
     since 2007 with a first class personal service.
     
     Excellent 400+ reviews 4.7 stars 240+ reviews
   * * Beauty & Wellbeing
     * Brewing
     * Construction
     * Commercial Vehicle Finance
     * Entertainment & Gaming
     * Farming
   * * Fitness & Recreation
     * Franchising
     * Holiday Parks & Glamping
     * Hospitality & Pubs
     * IT & Technology
   * * Logistics
     * Manufacturing
     * Media & Comms
     * Medical & Dental
     * Printing
   * * Solar & Renewable
     * Residential Care Home
     * Retail
     * Science & Technical
     * Utilities & Waste
     * Plant & Vehicle Hire
 * About
   
   
   * ABOUT PORTMAN ASSET FINANCE
     
     Personal, professional finance. Powering UK Businesses. We find the best
     deals available and maximise your chances of approval.
     
     Excellent 400+ reviews 4.7 stars 240+ reviews
   * * Who are Portman? – Who we are and what we do
     * Why Use a Broker – Your questions answered
     * Meet The Team – Meet the people behind Portman
   * * Careers at Portman – Be part of our team
     * Contact – Get in touch with the team
 * Resources & Calculator
   
   
   * FINANCE CALCULATOR & FINANCE NEWS
     
     Having arranged £1 Billion in funding, our experts are on a mission to
     financially enable your business.
     
     Excellent 400+ reviews 4.7 stars 240+ reviews
   * * Latest news – Tools to help build your business
     * Case studies – Success stories from happy customers
     * FAQs – Your questions answered
   * * Finance Calculator – Test drive our finance solutions
     * Check your eligibility – Discover your finance options

01604 761 276
Excellent 400+ reviews 4.7 stars 240+ reviews
Get a quote

Enquire now
Enquire now

Calculator
Calculator



DROP US A NOTE

For loan or asset finance enquiries please use our enquiry form instead. For
supplier or administrative enquiries please use the form below

What is your first name?
What is your second name?
What is your business name?

What is your email address?
What is the best number to reach you on?
Your message

Send


THANK YOU!

Thank you for sending us a contact request. Our Client Relations team will
handle your enquiry and will come back to you within 24 hours.

In the meantime, take a look at our frequently asked questions

View FAQs


THERE WAS AN ERROR

There was an error sending your information. Please contact us using the
information here instead:

Contact us


CONTACT US

For general enquiries: info@portmanassetfinance.co.uk
For general enquiries: 01604 761 276
Portman Asset Finance Ltd
1 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
NN4 7SL



ABOUT YOUR BUSINESS

Tell us about your business so we can assess your finance options.

How much would you like to borrow?
Finance from £10,000
Choose your business type:
Limited Company
Sole trader or Partnership
Contact Portman Financial Services

Due to the current Financial Regulations, Sole Traders and Partnership enquiries
will be handled by Portman Financial Services. Please click below to jump to our
dedicated website

Visit Portman Financial Services
What’s your company name?
Your registered company number
Next Step


ABOUT YOU

We’ll use this if we need to contact you about your application.



Are you a UK homeowner?

Yes
No
What is your home postcode?
Some of our lenders only work with homeowners
Where did you hear about us? Select from the drop-down menu Letter Email
Google/Bing Search Article Social Media Exhibition Referral Other
What is your first name?
What is your second name?
What is your email address?
What is the best number to reach you on?
Phone numbers must be UK format.

We will only use your number to contact you regarding your financial
requirements. We will not sell or pass on your data to third parties
By proceeding and submitting your details you allow us to use them to follow-up
your enquiry and to contact you in the future with information about financial
products and services. You can unsubscribe from communications at any time, for
more details please read our privacy policy

Back Submit


THANK YOU!

You’re all set! Thank you for submitting your eligibility form. One of our
account managers will be in contact within 24 hours.

Got questions?


THERE WAS AN ERROR

There was an error sending your information. Please contact us using the
information here instead:

Contact us
1
About your business
2
About you
This check will not affect your credit score
Still have questions? Check out our FAQ page here


FINANCE CALCULATOR

1. How much would you like to borrow?
2. For how many months?

12 72
72 Months
Hint: A longer term reduces your monthly payment, a shorter term reduces the
total interest payable
3. What are you looking for?
Equipment / Vehicle Finance
Business Loan
Short-term loan
4. Select your credit profile

Exceptional Average Poor
Monthly payment:
£0
For illustration purposes only. Our experts will calculate the rate you may be
offered based on your individual circumstances. This is not an offer or quote
for your finance.
Fill in the details to see an instant example of our rates
Borrowing
Interest

Total Payable:

Total borrowing:
£0
Interest:
£0
Monthly payment:
£0
Sound good? Enquire today


HOW SHOULD SMALL BUSINESSES REACT TO INTEREST RATE RISES?

Portman News Small Business Tips UK Economy

On 22nd June the Bank of England raised the Base Rate to 5% with further raises
expected throughout 2023 and some analysts predicting rates could reach 6% by
the end of the year.

According to Paul Dales Chief UK Economist at Capital Economics, in order to
control inflation, the Bank of England may need to hold rates as high as 5.25%
until the second half of 2024.

So, before lenders reconsider their rates, if your business could do with a
cashflow boost or you plan to make any significant purchases over the next 12
months. Secure your funding before rates rise again.


WHY ARE INTEREST RATES RISING? 

The Bank of England continues to raise interest rates in a bid to control price
rises, the inflation fuelling the UK’s cost of living crisis. Inflation is the
measure of how much higher prices are than last year. High inflation means goods
and services are much more expensive than last year. The result is everyone
bears higher costs, many staff demand higher wages, costs go up again, so prices
go up again.

The UK’s inflation stems from increased demand for goods and services
out-stripping supply post-pandemic, and reduced supply of certain products
following among many things the war in Ukraine.

Raising interest rates makes financial commitments from mortgages down to your
phone contract, more expensive. This means consumers have less disposable
income, so they reduce discretionary spending on less critical items. Demand
falls, meaning the price of goods have to come down otherwise they won’t be
sold, but this is where businesses start to get hurt.


HOW DO INTEREST RATE RISES AFFECT SMALL BUSINESSES AND WHAT CAN THEY DO ABOUT
IT?

Whilst the effect of rate rises on mortgages and homeowners is well-known, the
impact on small businesses is less widely reported, but our customers experience
a raft of consequences when rates rise:


REDUCED CONSUMER SPENDING

When customers tighten their belts, certain sectors feel it first. Hospitality
feels the pinch as consumers spend less on eating and drinking out. They also
hold back on major purchases which means anyone involved in the supply chain
sees a slowdown. However, some industries are less affected than others, with
the beauty sector for example notoriously resistant to changes in the economy.

WHAT TO DO?

Consider whether your business can adapt to serve customers less affected by the
economy, or appeal to new segments where demand still exists. Do you offer
something that others do not? Boost your marketing efforts to make sure you
capture the demand that does exist.


LESS DEMAND BUT FIXED COSTS

Many businesses are tied-in to service contracts that may be beneficially low
right now or, like energy costs, may be difficult and high.

WHAT TO DO?

Whenever a contract comes up, hunt around for the best deals and negotiate as
hard as you can. Can you work smarter, be more productive or save costs by being
energy efficient? If energy prices don’t fall far, and high is the new normal,
energy saving initiatives and green energy sources will pay back over a shorter
time. Cast a critical eye over your energy usage and explore whether technology
can improve your efficiency. Can you generate additional income from what you
have? Can you sub-let office space, diversify your land usage, add B&B rooms to
your pub, cater events from your restaurant, manufacture a broader range of
products or run delivery for different customers? Evaluate every opportunity you
can think of to see if you have cost-effective options to increase your income
streams.


HIGHER SUPPLY-CHAIN COSTS

From animal feed to timber, food ingredients to fuel, almost every component or
ingredient is increasing in price.

WHAT TO DO?

A tricky issue because switching to cheaper ingredients or components often
means lower quality which means a worse product and likely less customers. Try
to buy in bulk to negotiate better deals, consider contacting other businesses
that might use the same materials and order together to increase your buying
power.


LATE PAYMENTS FROM CUSTOMERS

If you sell to other businesses, when they start to struggle, an early sign is
late payment. In turn this means your own cashflow is restricted, you might not
have the capital to place further orders for materials or you can’t pay other
suppliers on time, causing not only a spiral but a negative effect on your
credit rating.

WHAT TO DO?

Keep in close contact with all your customers so you are at least on top of any
issue and can see it coming. Communication and the strength of relationship with
your customer are key, because if a legal situation was to occur you may be
well-down the pecking order. Payment plans or staged payments make sense if any
issues are temporary but being over-accommodating can mean you miss out on vital
cashflow. Don’t over commit yourself to forward orders if you think this is a
risk.

Can you get your customers to pay in advance? Some Businesses that actually do
well from interest rate increases are those with what’s called negative working
capital. If a customer pays in advance for something, such as a holiday, that
money then sits with the provider until a much later date and has the
opportunity to earn interest or be invested elsewhere. Over time off-setting
some of the negative effects of rate rises.


RESTRICTED ACCESS TO FUNDING AND MORE EXPENSIVE FINANCE

Business to business lending rates are quite varied, affected by the trading
situation and trend of the business, assets held, cash at bank, payment
reliability etc as well as the credit history of the directors themselves and
perhaps other businesses they own. Whilst changes in the base-rate do affect the
lowest available rates, it’s more likely that lending criteria tightens and so
your business finds it more difficult to get accepted for finance. Facilities
with variable interest rates are ones to look out for. Credit cards and
overdrafts for example may be able to increase their rates quickly with little
warning to yourself.

WHAT TO DO?

At Portman we would always recommend seeking professional financial advice. Make
sure you are up-to-speed with tax allowances, full-expensing for example
currently allows you to write-off the full value of a qualifying purchase in
year 1. When seeking finance, we naturally suggest talking to ourselves. As both
a broker and lender we can lend our own funds or can select from our panel an
appropriate lender whose criteria best matches your situation. Most of our
lenders are specialist and not available on the high street, with many working
not working directly with business owners at all. Once we get an understanding
of your business and goals, we will search the market through our panel and find
the best available option.


BRITISH BUSINESS BANK SUGGESTS CHOOSING FIXED-RATE OR FLEXI-LOAN OPTIONS

Whilst it may seem counter-intuitive, if your business needs finance, The
British Business Bank suggests businesses explore fixed-rate, flexible and
alternative funding options.

 * Locked-in rates over a number of years offer certainty and protection against
   future rises.
   
 * Funding from lenders with flexible criteria provide access to funds not
   available from traditional banks.
   
 * Flexi-loans also allow a loan to be paid off as soon as you like, in order to
   reduce interest payments.


SO HOW SHOULD YOUR BUSINESS REACT TO INTEREST RATE RISES?

Definitely don’t do nothing. Review your business plan and work out what to do
in different scenarios. Make sure you know your balance sheet, where your most
profitable income comes from and where your risks are. Control costs, look for
efficiencies then try to boost your brand presence. Pick up new or different
customers, or diversify activities to broaden your income streams.

In the end you may need to adjust your prices, passing some of the increases on
and the sooner you get customers used to it, perhaps the better.

To explore your funding options, talk to Portman. We can discuss fixed-rate
agreements that give you budgeting certainty, or flexi-loans that allow you to
reduce the amount of interest you pay by settling early with no fees.


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Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530)
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