Connect with us

Hi, what are you looking for?

Top Stories

Economy

ThinCats announces £300m regional fund to support high-growth owner managed businesses

<?xml encoding=”utf-8″ ?????????>

ThinCats, the leading alternative finance provider for mid-sized SMEs, has today announced a new £300 million funding commitment to support the growth ambitions of owner managed businesses across the UK.

Using its primary funding hubs based in Birmingham, Manchester and London, ThinCats is targeting businesses across the Midlands, North West and London & the South East. ThinCats is aiming to deploy over £300m, dedicated to helping entrepreneurs running profitable mid-sized businesses (with EBITDA >£1m) from across these regions to achieve their growth ambitions.

The funding will focus on supporting high-growth, mid-sized businesses using ThinCats’ expertise in providing cashflow loans. These types of business remain underserved by traditional lenders as they often have a low concentration of physical assets to act as security.

Mike Hackett, Chief Commercial Officer, ThinCats: “The good news is that with inflation continuing to fall and the Bank of England signalling that interest rates may come down later this year, there is far more stability in the market. Business owners are now beginning to make decisions again for acquisitions, management buyouts, EOTs or capital restructuring.

“Alternative lenders like ourselves alongside challenger banks and private debt funds are increasingly providing the necessary funding for ambitious, high growth businesses, especially in the regions. Working closely with regional business finance communities , we aim to support many more businesses looking to gain access to flexible debt capital to support their growth objectives.”

You May Also Like

Forex

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...

Forex

The introduction of aggressive climate objectives by global economies and growing prospects for reducing carbon emissions are driving the growth of the district heating...

Forex

In the dynamic automotive sector, consistent growth of the electric vehicle (EV) charging industry has become increasingly evident. Consumers and businesses alike are recognizing...

Forex

With a higher focus on sustainable living in modern architecture, the building automation systems (BAS) industry stands as a beacon of innovation. These systems...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Secrets Of Richdads. All Rights Reserved.