ThinCats rolls out £300 million regional support fund for rapidly expanding owner managed businesses
We are delighted to have announced a new £300 million funding commitment to support the growth ambitions of owner managed businesses across the UK.
Using our primary funding hubs based in Birmingham, Manchester and London, we are targeting businesses across the Midlands, North West, London & the South East and Yorkshire & the North East. We are dedicated to helping entrepreneurs running profitable mid-sized businesses (EBITDA >£1m) from across these regions to achieve their growth ambitions with our £300m funding commitment.
The funding will focus on supporting high-growth, mid-sized businesses using our expertise in cashflow lending. These types of business remain underserved by traditional lenders as they often have a low concentration of physical assets to act as security.
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 restructuringMike Hackett, Chief Commercial Officer, ThinCats
“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.”
