Fintech Lender Launches £100m SME Fund
ThinCats provides commercial loan funding for growing and ambitious UK SMEs across all industry sectors. The provider aims to ‘simplify the traditional bank-dominated commercial lending model by connecting SMEs directly with institutional and retail investors’.
The focus of the lending is on meeting borrowers’ ambitions through funding to companies with asset backing or reliable cashflows for working capital, acquisition, refinance or growth.
Growing and ambitious SMEs that have been trading profitably for two or more years and domiciled in the UK may be eligible to apply.
Loans of between £250,000 and £15 million are now available with repayment terms of between six months and five years.
The loans can cover the costs of the following:
Businesses from all areas of the UK and operating in all sectors may qualify.
Applications may be made at any time.
More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news and policy. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.