Boost Capital secures new £15m credit line to meet small business loan demand in UK
London, United Kingdom, December 01, 2016
An extra £15 million ($20 million) will now be available to UK small businesses as alternative business lender Boost Capital, a subsidiary of US-based BFS Capital Inc., a leading small business financing platform, has secured a new credit line from Atalaya Capital Management.
Boost Capital has helped British businesses across a range of sectors achieve their growth ambitions since 2012. The funding line will enable the Company to support more businesses with their plans to grow.
“In the days of increasing automation, Boost Capital brings fast funding, with a unique human touch. Relationships are paramount and funding decisions are based on the merits and needs of each individual business. That’s just one of the reasons why most of our customers return to us for more funding,” says Alex Littner, Managing Director of Boost Capital.
Littner adds: “We have chosen to work with Atalaya because of their understanding of the small business sector, and are delighted to have them on our funding panel. This new funding line will help us meet demand from small businesses and continue with our own growth ambitions. In the last 18 months, we’ve increased our volume by over 100% and have recently had to move to a bigger head office to support our growing team.”
Rob Flowers, Partner at Atalaya Capital Management, which has over $2.5 billion assets under management, said: “As part of Florida-based BFS Capital, Boost Capital has firm foundations in the US, where the funding of the business sector is very mature and well understood. Their development in the UK has been impressive in terms of both the breadth and quality of their book and we are pleased to be part of their growth ambitions.”
About Boost Capital
Boost Capital has been a leading specialist provider of business loans to UK small businesses since 2012. The Company provides financing solutions from £3,000 to £500,000 with a focus on fast and hassle-free funding, in as little as two days. Boost Capital is the UK arm of BFS Capital, a leading US technology-enabled business financing platform that has been serving small businesses across the US and Canada since 2002. Together, Boost Capital and BFS Capital have funded more than 18,000 businesses and committed over $1.5 billion to date.
About Atalaya Capital Management
Atalaya is an alternative investment advisory firm founded in 2006 and headquartered in New York City that currently manages in excess of $2.5 billion for institutional investors worldwide. Atalaya makes opportunistic credit and special situations investments, primarily via three principal strategies — financial assets, real estate and corporate assets.