Stockport equipment finance firm expands with business loan division

Equipment finance firm Johnson Reed has expanded with the launch of a new business loan division.

The Stockport-based company’s new offer includes unsecured loans for businesses that require services beyond the standard capabilities of equipment leasing.

With its loan arm, Johnson Reed is aiming to meet both short- and long-term business demands, such as the funding of growth investments, driving product development or temporarily offsetting the upfront costs of VAT, tax or corporation tax bills.

The company said it can facilitate loans ranging from £2,000 to £200k, with a minimum three-month term and repayments agreed in advance.

With the unsecured facility, Johnson Reed will guarantee that no charges are taken over property, as with business loans from many high street banks.

Mark Johnson, Johnson Reed’s managing director, said: “Many businesses we’ve spoken to in the wake of the EU Referendum are keen to keep their cash in the bank as security against the unknown.

“Whilst cash flow is crucial, business growth and investments shouldn’t be put on-hold altogether. Our loan facilities allow businesses address both of these areas.”