Portman Asset Finance Limited is an FCA-authorised credit broker and lender established in 2007 and based in Northampton. It offers a variety of asset finance and business loan products tailored to UK SMEs. Serving businesses from startups to established firms, Portman operates both as a direct lender and a broker, providing access to a broad panel of more than 40 partner funders. This combination may make it suitable for those seeking funding options across several sectors and credit situations. Learn more about Portman Asset Finance reviews and explore business loan options.
Key Features of Portman Asset Finance Limited
Portman provides practical features that support effective funding solutions for UK SMEs, including personalised service and a variety of finance products. These features aim to offer flexibility and accessibility for different business needs.
- Access to a panel of 40+ lenders alongside in-house funding lines.
- A wide range of products covering asset finance, unsecured loans, vehicle finance, and tax lending.
- Fast decisions typically within 24 hours and funding possible in 48-72 hours after documentation.
- Dedicated account managers provide individual support throughout the loan term.
- Flexible repayment options including seasonal or stepped profiles and VAT deferrals.
Funding Eligibility
You may qualify for funding if your business has at least 3 to 12 months of trading history, depending on the loan type. For unsecured loans, typically a minimum turnover of £100,000 is preferred, while asset finance products can accommodate startups from three months of trading. Portman excludes consumer lending and certain sectors such as gambling and illicit activities. Find out more about eligibility criteria and use our business plan tools to prepare your application.
Loan Options Available
Portman offers a diverse selection of loan types suitable for different business needs, from equipment purchases to tax payment smoothing. Each product has specific terms, amounts, and representative interest rates.
- Asset Finance (Hire Purchase & Finance Lease) - Loan amounts from £10,000 to £2,000,000, terms between 12 months and 7 years, with APR from 4.5% depending on credit and asset type.
- Unsecured Business Loan / Working Capital Loan - Amounts from £5,000 to £500,000, terms 3 months to 5 years, rates from 7.9% to 29.9% APR.
- Asset Refinance / Sale & Leaseback - Loans between £25,000 and £1,000,000, 12 months to 5 years, rates from 5.5% APR depending on asset and valuation.
- Vehicle Finance (Cars, Vans & Commercial Vehicles) - From £5,000 up to £250,000, 12 months to 5 years, rates starting at 6.0% APR.
- VAT & Corporation Tax Loan - Loan sizes up to £500,000, short terms from 3 to 12 months, rates from 8.0% APR to spread tax bills.
- Recovery Loan Scheme (Government-Backed) - Ranging from £25,001 to £2,000,000, terms up to 6 years, with capped rates per scheme rules.
How to Apply
Applying for finance with Portman involves an online enquiry with a soft credit check, followed by submission of supporting documents. Expect quick decisions and efficient funding processes.
- Submit an online enquiry form to get started with a soft credit search.
- Provide required documents such as business bank statements, recent accounts, IDs for directors, and asset quotations.
- Portman reviews your application and typically gives indicative approvals within 24 hours.
- Once approved, sign your agreement electronically or on paper; funds can be released within 48 to 72 hours.
Funding Agent’s view on Portman Asset Finance Limited
Portman Asset Finance offers a robust and flexible choice for UK SMEs, combining direct lending with a wide brokerage panel. This approach helps address different credit profiles and funding needs, particularly for startups and established businesses seeking asset-based or unsecured finance. Its rapid decision-making and dedicated account management provide practical benefits. Consider checking your eligibility requirements and using our asset finance calculator or business loan calculator to assess potential terms before applying.
