The Business Finance Partnership (BFP) aims to increase the supply of capital through non-bank lending channels and, in the longer term, to help to diversify the sources of finance available to businesses. It will co-invest a total of £1.2bn through these channels, matched by at least equal private sector capital, to help create and support new sources of lending for small and mid-sized businesses in the UK.
The Small Business Tranche of the BFP, administered by the Department of Business, Innovation and Skills (BIS), focuses on co-investing through non-traditional channels, such as peer-to-peer platforms, supply chain finance and mezzanine finance for businesses with a turnover below £75 million. Prospective small business borrowers should contact these lenders directly.
The lenders are:
Beechbrook Capital will provide mezzanine loans to small businesses
BOOST&Co will provide larger loans to small businesses
Credit Asset Management Ltd (CAML) provides leasing and professional loans
Funding Circle is an online platform that allows small businesses to borrow directly from investors
Market Invoice gives small businesses advances on invoices from corporate customers
URICA is launching a new model of supply chain finance
Zopa is an online platform that allows small businesses to borrow directly
Related Funding Options
ZOPA
Market Invoice
Funding Circle