A new short to medium term loan fund to provide capital to SMEs has been launched this week.
Fresh Thinking Capital, the new secured lending business, has been established by Yorkshire corporate financiers Melanie Hird and Andrew Walls.
With offices in Leeds and London, the firm already has funds of £30m on deposit for immediate secured lending to businesses.
Fresh Thinking Capital will offer secured lending loans of between £100k and £2m to help SMEs looking for finance quickly.
Melanie Hird said: “There is still a gap in the lending market to SMEs here and across the UK, and the first fund we have established has given us £30m to lend immediately to these businesses.
“We know that good businesses often have urgent lending needs and quite often an opportunity arises, such as winning a new contract or acquiring a business or asset, but the slow speed at which funding can traditionally be raised results in the opportunity being missed.
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