CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Liquid Finance Provides Growth Funding to Ten UK Micro Businesses Every Week
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Liquid Finance Provides Growth Funding to Ten UK Micro Businesses Every Week PDF Print E-mail
Tuesday, 28 April 2015

Liquid Finance Partners Ltd, a leader in the Merchant Cash Advance sector of the fast growing Alternative Funding market, reported today its performance over the last eighteen months where it funded over 650 micro business projects. Since the start of 2015 it has been funding over ten new UK micro businesses every week. With an average transaction size of £20,000 per customer, Liquid Finance is funding over £200,000 a week. There are approximately one million micro businesses in the UK, accounting for 10% of the UK SME market (5.2 million businesses in the UK according to FSB (Federation of Small Businesses).

“Unlike other alternative funding providers, who predominantly serve SME’s, Liquid Finance focuses on helping micro businesses – businesses with an annual turnover of less £2.5 million. 90% of these micro businesses wouldn’t fit the funding requirements of the typical alternative lenders. We provide funding in as little as five days, which is a lot quicker & more flexible than traditional loan options”, said Richard Morley, Director of European Development at Liquid Finance.

Merchant Cash Advance plays an integral role in the fast growing Alternative Funding market, which is currently worth £1.8billion and is expected to more than double over the next 12 months to £4.4 billion. Liquid Finance own 30% of the Merchant Cash Advance market, which is currently worth £60 million and predicted to grow to £250million in 24 months.

“Micro businesses are integral to the future prosperity of the UK economy and it is vital that these businesses have access to the necessary funding they require, in order to grow and prosper. Our approach to funding means it is in our interest for micro businesses to succeed and prosper,” continued Morley.

One micro business that has benefited from Liquid Finance’s cash advance is Robert Willoughby, licensee at The Stags Head. He commented: “I really like the concept of the Liquid Finance cash advance and it suited my needs very well. You get a cash lump sum to help your business grow and then you pay it back through a percentage of your card takings. They don’t take too big a bite, if you only process £50 through your card machine, then they only take a percentage of the total. The advance helped us get through a difficult patch and also upgrade in crucial areas such as signage, in the kitchen, toilets and bedrooms.”

Over the past two years, Liquid Finance has seen rapid progression, growing to 34 staff across two locations (Fetcham & Cambridge), and is about to move into new premises in Epsom in May. The company has also launched it’s new website this week: www.liquidfinance.co.uk.

Liquid Finance provides unsecured cash advances to businesses that take credit and debit cards through its Merchant Cash Advance product.  It applies a factor rate “fee” to the advance and purchases at an agreed daily percentage of the business’s future card receivables, until the advance plus fee is paid.  Funding is provided within as little as five working days - from application to cash in the bank. Uniquely, via an FCA-regulated sister company, Liquid Finance is able to automate daily batch settlements, thus avoiding the need to change card processor, enter into a lock box agreement or any other form of repayment.

(Source - Liquid Finance Press Release)
 

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197