General FAQs

Can I have multiple finance agreements at the same time?

Yes, multiple finance agreements can be arranged at the same time. PMD have several financial products available that can be utilised to create a bespoke funding package for your business requirements. For more information, get in touch.

What type of businesses do you offer finance to?

PMD can arrange funding for all types of businesses, as long as you’re seeking funding for business use. PMD have supported businesses of all sizes. from start-ups to blue chip , and specialise supporting SME growth.

What is the maximum amount that my business can borrow?

Whilst this will be dependent on the size and strength of your business, there’s no limit on what can be facilitated. PMD work alongside a large panel of funders with a variety of financial products on offer, including structured finance.

What's the minimum amount that my business can borrow?

Finance facilities typically begin from £5,000. PMD work with an extensive panel of lenders who offer different funding options, including business loans and cash advance.

How many funders do you work with?

Over the years, PMD have built strong relationships with a panel of over 150 market leading funders.

What type of finance do you offer?

PMD offer a wide range of finance types, including business loans, cash advance, asset finance, invoice finance, and structured finance. For further details, get in touch.

I've been declined by my bank, can a broker help?

If you’ve been turned down for finance by your high street bank, a broker can most certainly help. PMD work alongside many lenders to source you competitive funding options for your business.

How quickly can i get finance approved?

PMD work alongside many funders, some of which can offer an approval within hours. Typically, funders will take around 24 hours to provide a decision on a finance proposal.

How quickly can I get funds after making a finance application?

Some of PMD’s lenders can pay out on the same day as your application, depending on your circumstances. However, typically the release of funds can vary, taking into consideration the financial product, asset suppliers, and the amount you’re looking to borrow.

Can you help me with personal finance?

Whilst PMD don’t currently support personal finance applications, we have a comprehensive range of business finance facilities available.

What information do I need to provide to support my finance applications?

Typically, PMD would require at least 3 months business bank statements, along with accounts, to progress your application. Some funders may require more information depending on the facility, its size and your business circumstances.

Do you charge any administration fees?

Our remuneration typically comes in the form of commission that we receive from the lenders that we introduce you to. In certain circumstances, we may charge a fee directly to you. Any such fees would be discussed with you and set out in writing.

Can I settle a finance agreement early?

Yes, you are able to settle your finance agreements early. If you are looking to settle an agreement that was arranged through PMD, please contact us.

Can I overpay on my finance agreeement?
What are typical rates for finance?

Typical rates for finance will vary depending on several factors. This can include the amount you’re looking to borrow, the term, the financial product and the strength of your business.

Will I need to provide a personal or director's guarantee when applying for finance?

In some circumstances, you may be required to provide a personal or director’s guarantee for your finance application.

What length of term options are available when applying for finance?

Term lengths can begin from as little as 3 months depending on the product. Many funders will also lend up to 5 years, whilst there are some options on PMD’s panel who will lend up to 10 years.

What industry sectors do you work with?

PMD work with businesses across all industry sectors. Whilst we specialise in haulage and construction, as long as you’re looking for business finance we will be able to help you.

Can a finance agreement be novated from one business to another?

Yes, a finance agreement can be novated from one business to another. If you’re looking to novate an agreement, please contact us.

What type of agreement best suits my business?

PMD offer a range of different finance agreements, please contact us to discuss your requirements and we will be able to recommend the most appropriate solution for your business needs.

Are you regulated by the FCA (Financial Conduct Authority)?

Yes, we are regulated by the FCA. Our registration number is FRN716412. We are also a member of the National Association of Commercial Finance Brokers (NACFB), and an associate member of the Finance & Leasing Association (FLA).

Can I be pre-approved for credit?

Yes, PMD have access to several lenders who can pre-approve customers depending on their circumstances. For more information, get in touch.

Can I get a credit line?

Yes, PMD support many customers with credit lines to give them the confidence that funds are readily available should you be looking to invest.

My business is seasonal, can I still apply for finance?

Yes, PMD are able to support businesses who operate seasonally. if you’re looking for business finance, please contact us.

My business is seasonal, can I still apply for finance?

Yes, PMD are able to support businesses who operate seasonally. If you’re looking for business finance, please contact us.