Onepm Finance launch ‘Low Start’ repayment option to support small businesses

We are delighted to announce the launch of a new payment structure across our Leasing solution. ‘Low Start’ will enable SMEs to secure finance and invest in vital equipment in an affordable way during the covid-19 crisis and beyond.

Low Start has been designed by our expert team specifically to help business owners manage the costs of key investments in smaller business assets during this difficult period. The initiative allows business owners to obtain a lower starting option on their Lease, making significantly smaller payments at the beginning of their agreement, for either 3 or 6 months.

We are initially launching Low Start to our exclusive panel of asset finance brokers in order to support their customer and dealer networks throughout the UK. We aim to provide ease and peace of mind for both new and existing clients wanting to maintain cash flow to ensure continued operation, and for brokers who are working to source and deliver a flexible financial solution to businesses suffering amidst the crisis.

Carol Roberts, Head of Asset, commented: “At 1pm we recognise the significant impact covid-19 is having on UK businesses. As with many of our peers, we have been busy supporting forbearance requests, but it became clear that we also needed to consider new clients who are seeking funding assistance. Our clients are reliant on our financial aid and backing which is why we felt launching our Low Start payment option at this time was the right thing to do. As a business we’re here to support SMEs as much now as ever. We hope that the launch of this new initiative will provide our brokers and their customers with reassurance and confidence that we are doing everything we can to support them during this time. We are confident that by working together, we can come out of this crisis.”

Ed Rimmer, COO, added: “We’re proud to launch this new funding product which comes at a crucial time for the business landscape. As we strive to support small businesses in the wake of the coronavirus crisis, it is essential that we listen to their needs and respond accordingly. Maintaining cash flow is vital to ensure the future of many firms during these challenging times and the Low Start initiative seeks to keep cash within the business whilst supporting key investments. I want to take this opportunity to thank the team at 1pm who have worked tirelessly to support the existing relationships we have with clients and brokers and who are working to deliver this product to those who need it.”

We remain open for business and available to support creditworthy British businesses through the coronavirus pandemic, providing access to a multi-product range of business finance solutions from asset finance through to invoice finance, commercial loans and vehicle finance.