Five years ago this month Creative Capital launched its selective invoice finance product and we’re celebrating another major milestone – providing £30 million of small business finance.
It’s a triple celebration though…as we’ve also added another product to our growing portfolio of cash flow and working capital solutions.
The launch of a bad debt protection product complements our range of short-term funding facilities and allows SMEs to insure single or multiple invoices to securely fund higher risk growth opportunities.
This follows Creative Capital introducing a set of trade finance products in 2014 which provide our clients with the working capital boost needed to fulfill confirmed orders and buy stock on favourable terms.
Between our single invoice discounting and trade finance facilities, the last five years has seen us lend £30 million to support the growth plans of over 150 SMEs across a diverse range of sectors such as construction, wholesale and manufacturing.
As an owner-managed alternative lender, we’re proud to be supporting growing businesses by providing quick access to flexible facilities on a tailored, transaction-by-transaction basis.
Dai Rees, Director of Creative Capital, said: “Our rapid development over five years reflects the need amongst small businesses for alternative lenders who are responsive and aligned with their 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 straightforward 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 over the past 12 months shows our desire to continue innovating. Many SMEs don’t realise that complementary and flexible facilities like stock finance are available and cost effective.”
We allow clients to choose the 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 to fund new growth opportunities such as contract wins, large orders, international trading or seasonal spikes.
Our new bad debt protection facility was arranged by Stuart Grice at Bluefin and is underwritten by QBE Insurance.
If you require any help submitting your application, please call us on 01244 561343.
We are available Monday-Friday, 09:00 - 17:00
During these challenging times, we would like to re-assure our clients and other visitors to the website that Creative Capital are fully operational at this time. The office is being manned by a skeleton staff, with most staff electing to work from home. If you are having trouble contacting us by phone, then please use the following email addresses:
For new business enquiries please email email@example.com
Customers should email firstname.lastname@example.org
For all other enquiries, please email email@example.com
Many thanks – the Creative Capital team”