Case Studies
Film Tax Credit
In 2008, Portman Finance funded the Tax Credit for a UK production film in the horror genre. All other finance had been organised for the £800,000 production and the tax credit was the last piece of the jigsaw. Portman advanced £140,000. Once the film was finished and delivered to the UK Film Council for certification, the tax return was then submitted to HMRC and Portman Finance was repaid.
Share Purchase Loan
A private individual wanted to buy shares in a private limited company. Despite being promised assistance by a major clearing bank they continued to prevaricate 8 months on. We were approached and were able to offer a term loan reducing with monthly capital instalments. By way of security we took a second charge over matrimonial property.
Working Capital Loan
A small business needed £25,000 for working capital purposes but found their clearing bank unable to assist. We advanced funds over a 12 month term with weekly capital reductions. The loan was secured with a personal guarantee from the Directors.
Property Development Top Up Loan
A client needed £30,000 to complete a project with a GDV of £2,100,000 but found the development bank inflexible in their approach. Funds were lent secured against a second charge on a collateral buy to let property.
Tax Loan
Due to late submission of tax returns the borrower had an outstanding estimated personal tax bill of £65,000. HMRC had already registered a CCJ for this amount against the borrower for the outstanding bill. To avoid any further action the borrower wanted to pay the tax bill immediately and then submit the outstanding tax returns, but could not raise finance in the traditional way due to the CCJ, even though he was of high net worth. Portman lent £65,000 with part repayment coming from the tax rebate and the balance from monthly capital reductions.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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With over 25 years banking experience and 30 years of practical property development and investment experience, Portman Finance understands each situation is unique and will tailor a solution to the need.