Portman Asset Finance: Supporting the industry through pandemic and recovery

Portman Asset Finance EAG 2022
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With COVID restrictions almost over in the UK, many gaming and amusement centres are looking at finance to fund their 2022 plans. Portman Asset Finance will be present at this year’s EAG, enabling operators to discuss their financial options in person.

 

Recent financial results across the sector have been mixed, with some businesses recovering quickly yet others struggling. In an industry where the latest technology and staying on-trend is key, many operators use finance to acquire the new machines that drive footfall, the kind of support delivered by Portman Asset Finance in the amusements and gaming sector for many years..

With energy price hikes also affecting a sector reliant on the heavy use of electricity, Portman is aware of many centres investing in motion sensors, smart switches and LED lighting as well as modern cabinets to reduce their costs. But again, this saving can only be realised through an initial investment.

Portman have been supporting businesses in the amusements and wide gambling gambling sector since 2007. In recent times, it has helped fund growth, making new machines more affordable, or covered cashflow difficulties with short term loans.

Whether an operator is considering energy efficiency or the latest machines from Leisurematic, Blueprint, JNC, Stern, Reflex or Novomatic, Portman may be able to help.

For a firm considering its financial options, Portman can provide support with acquiring cabinets and game packs; pinball machines; shooting, driving and simulators; quiz machines; claw and novelty machines; arcade coffee tables; and cash handling machines.

The business finance specialist highlights 10 benefits of finance, which enable businesses to:

1. Get what you need now;

2. Spread your costs;

3. Enable business growth;

4. Fixed monthly repayments;

5. Competitive rates;

6. Build your credit score;

7. Protect your personal wealth;

8. Retain cashflow for operational costs and contingency;

9. Potential tax advantages; and

10. Avoid price inflation.

Portman’s account managers understand the challenges for businesses in the amusements and gaming sector. The company has arranged nearly £1bn in finance for over 10,000 customers since its inception. Now acting as both a lender and a broker, with a panel of over 40 specialist lenders to work with, Portman is well-placed to meet the needs of the industry.

For more information, call Portman on 01604 669340 or visit www.portmanassetfinance.co.uk


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