A South Cheshire firm which provides short-term SME funding, is celebrating its fifth anniversary and hitting the £30 million lending milestone.
Creative Capital, based in Tarporley, offers facilities like selective invoice finance, trade finance and bad debt protection on a tailored basis.
The company is led by a team of experienced business finance professionals with the backing of private investors.
The owner-managed funder’s 10-strong team has lent £30 million over five years to support the growth plans of small and medium sized businesses across sectors such as construction, wholesale and manufacturing.
In 2014, the company introduced trade finance facilities to provide clients with capital needed to fulfil confirmed orders and buy stock.
And this month sees it launch a new bad debt protection product which allows businesses to insure single or multiple invoices and securely fund higher risk growth opportunities.
Dai Rees, (pictured) director of Creative Capital, said: “Our rapid development over five years reflects the need among small businesses for alternative lenders who are responsive and aligned with demands and requirements.
“We’ve found our simple but flexible facilities resonate with owners who need certainty and confidence to get on and grow.
“They’re tired of being hamstrung by lack of access, slow decisions, hidden charges or onerous contracts.
“They find our straight-forward approach a breath of fresh air.
“Reaching these milestones and achieving a 98% client retention rate is testament to the strength of our team who are focused on making quick and sound lending judgements.
“Launching the trade finance and bad debt protection products shows our desire to continue innovating.
“Many SMEs don’t realise complementary and flexible facilities like stock finance are available and cost effective.”
Creative Capital allows clients to choose individual invoices and contracts they want to fund and use the transparent total cost of finance to better plan and forecast.
Facilities can be put in place quickly and used in conjunction with other forms of secured lending.
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