Finance options for modular buildings
In order to help with budgets and overheads, we have teamed up with Portman Asset Finance who are able to offer our clients competitive finance options for modular buildings and mobile classrooms. This allows you to pay for your modular space over a period of time, as an overhead rather than as a large capital sum up front. So whether your modular building is an outdoor classroom, extra meeting room, or healthcare suite – you can manage your budget effectively and get the space you need.
The Green Modular team are used to working with a variety of organisations and budgets to help put together the financial business case with them. By using our expertise and knowledge, you can speed up the process of your extra modular space and start to benefit rapidly.
Want to see a real example?
In order to show you a real example of how the finance package works, we are using an outdoor classroom:
Assuming you need a large new school building to accommodate 30 students, the £80,000 cost may prove to be a “non-starter”. However, if you consider spreading the cost of your modular school building over a 3 year repayment period, the monthly cost would be £2524 (exc VAT) at an APR of 4.5%. Repay over a longer 7 year period would nearly halve the monthly cost to £1277.60 at a slightly higher 4.8% APR.
Compare this with a comparable size, though much less attractive and versatile space, of a rented “mobile” classroom. This is likely to cost between £1.5k and £2k per month plus £6k delivery, £8k foundations and £6.5k to remove. Instead, you can OWN your mobile classroom in a shorter timescale and benefit from a considerably more inspirational learning environment to boot!
Portman Asset finance is a straight forward process and typically takes only 48 hours to process*. It is tax effective and allows you to spread the cost of your outdoor modular commercial or school building project over a few years. You then get a desirable asset that your school, community or business will enjoy for 40+ years. It will probably also mean you can afford a higher specification finish or larger size – freeing up your capital for other projects and developments elsewhere.
Interested? Call our team today for a free consultation on 01923 205090 – or contact us here.
* Please note, it is feasible for any commercial businesses to consider finance, however, please note that as with all credit facilities, it is subject to credit status. In our experience, finance options for modular buildings will also vary according to its purpose.