Commercial News

MarketInvoice expands finance solutions to larger businesses

Rozi Jones -
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28th October 2019
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"We’ve launched Corporate Solutions to serve the needs of the companies who are currently falling into a no-man’s land between business banking and corporate banking."

MarketInvoice has launched a new specialist team to provide finance facilities for larger businesses with a turnover up to £50m.

The Corporate Solutions team will offer a credit facility of up to £5m (based on revenue) and up to £500,000 as a flexible term business loan up to three years, with these limits expected to increase steadily over the next 12 months.

Craig Flyger, corporate solutions director at MarketInvoice, commented: “We’re delighted to be able to serve larger businesses with their finance needs. These are high-growth companies forging new ground by transforming their industry, growing internationally and driving UK GDP. We want to power and propel their growth. Our team has the necessary experience and resources to structure larger facilities tailored to the needs of these businesses very quickly.

“We’ve launched Corporate Solutions to serve the needs of the companies who are currently falling into a no-man’s land between business banking and corporate banking. We estimate that the annual lending opportunity to these companies, who are grossly underserved and ignored by traditional business lenders, is worth £13bn. Our solid track record in providing greater access to finance and responsible lending decisions is not only testament to our robust platform and credit risk model, but also to the trust business owners have placed in us as their financial partner."
 

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