Arcade Leasing - Park Avenue Amusements

The need for good finance and leasing options in the coin-op amusement industry has never been more important. Operators have been struggling to get the finance they need for nearly two years.

Against the grain, Portman have steadily provided finance throughout the economic crisis. A crisis further compounded by the withdrawal of many finance companies from the sector.

Portman have proved their commitment by consistently providing over £500,000 of finance a month to owners and operators in the amusement sector; a figure they hope to increase in 2010.

If you are planning on purchasing any new machines at the Park Avenue Open Day or throughout the rest of the year, Portman can assist you with asset finance for arcade leasing.

Portman will have two Account Managers present on June 9th to discuss asset finance. Portman hope to approve finance facilities for amusement businesses on the day. If you’re purchasing any new machines or require finance for a larger project, please feel free to speak to an Account Manager.

Portman’s Account Managers understand the industry and the need for continual updating of machines. Portman have taken the initiative in 2010 by pre-approving amusement businesses for future purchases.

For example, an arcade owner anticipated a need for £50,000 of new gaming machines for the upcoming year. The owner contacted Portman and requested finance approval for expenditure up to this amount. Portman approved the finance and asked the owner to notify them which suppliers needed paying and when.

Initially, the arcade owner only needed to pay for equipment totalling: £18,000 + VAT. A Portman Account Manager contacted each of the suppliers and asked them to invoice Portman direct. Once Portman had collated all the invoices, finance paperwork was drawn up and a representative was sent out to visit the owner at their premises.

Portman have good working relationships with all the major amusement equipment suppliers.

The nature of the UK pay-to-play machines industry means it is imperative that machine operators and suppliers have immediate access to asset finance. Portman understand this arcade leasing requirement and more importantly have the ability to service it.