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£200m SME fund announced

ESF Capital, together with its operating subsidiary, Ashby de la Zouch-based ThinCats, has finalised a funding programme for loans of up to £5m for UK SME’s.

This £200m fund includes £30m already committed by ESO Capital, £70m from Waterfall Asset Management, and the balance to be provided by Waterfall and other institutional investors, subject to certain conditions. All funds under the programme will continue to be invested in loans originated through ThinCats.

ThinCats says lending will focus on funding growing companies with asset backing and reliable cashflows, including acquisition finance, across all regions and sectors in the UK.

Damon Walford, ThinCats Chief Development officer, says: “This additional investor base will allow us to significantly increase funding for small businesses’ expansion, acquisition or refinancing plans. Our focus on providing amounts up to £5m based on assets and reliable cashflows means we occupy a space where traditional providers ‘can’t work’ rather than ‘won’t work’.

“We have built an impressive team to service the market focussed on working alongside professional intermediaries to source opportunities and this funding ensures we are able to provide certainty to borrowers and their advisers.

“This is a significant stage in the continued development of our business, which we plan to significantly increase over the next two years and we are excited by what the future holds.”


Source: East Midlands Business Link

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