11th February 2021
A new report by the British Business Bank reveals how private debt has become a valuable source of finance for smaller businesses across the UK
10th February 2021
A Stamford based chocolatier business has secured a £250,000 MEIF loan to help meet increasing demand for its products from the UK and overseas. This is alongside boosting its marketing campaigns to drive sales in 2021.
9th February 2021
Two West Midlands businesses are set to pursue new growth following funding packages totalling over £1.7m. The duo of deals includes Birmingham-based insurance services firm, Parker Norfolk & Partners Ltd which secured £1.6m, with Worcestershire company, AirTube Technologies Ltd, receiving £175,000. The finance was secured through The Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
9th February 2021
Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £15 million loan to the Propiteer Group for a development project within the Fletton Quay area of Peterborough, Cambridgeshire.
8th February 2021
Specialised chemical manufacturer, FIS Chemicals has secured a £1.7 million asset based lending facility from Independent Growth Finance (IGF). The funds raised through invoice discounting and a property loan, were used to support an MBI and to provide working capital to support the growth of the business.
2nd February 2021
The British Business Bank has published Future Fund data that gives a detailed picture of the 1,055 companies that have been approved for £1,066.6m worth worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 1,616 applications in total since the scheme launched. The Future Fund closed for applications on 31 January 2021.
26th January 2021
Footwear wholesaler, D. Jacobson & Sons Limited, has secured a £7 million ABL facility from Independent Growth Finance (IGF). As a branded operation the company saw large opportunities for growth within their portfolio. The Lancashire based seller required additional working capital resource to expand into new international markets and invest in online technology to support progression during the pandemic and beyond.
25th January 2021
Keysource, a specialist in data centres and critical environments, has successfully completed a management buyout (MBO), led by Stephen Whatling.
21st January 2021
HNB Construction Services Ltd has secured a £225k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners, backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
8th January 2021
Industrial electrical engineering contractor, Process Control Services (PCS UK Ltd) has secured a £1 million ABL facility from Independent Growth Finance (IGF). After two years of growth the Derbyshire-based contractor required additional working capital resource to help drive further growth as they experienced increased customer demand following the first UK wide lockdown in spring.
6th January 2021
Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £15m loan to Gage Properties for the acquisition and development of 9 units within the reputable Taplow Riverside development by Berkeley Homes in South Bucks.
4th January 2021
Liberis, a leading global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB). This brings Liberis’ total funds raised to £200m total, including over £50m in equity funding. The new funds will be used to fuel company growth, launch new products and markets, and provide additional customer financing solutions.