Boost Capital Limited
| File:Boost Capital logo.png | |
| Private limited company | |
| ISIN | 🆔 |
| Industry | Fintech |
| Founded 📆 | 2012 |
| Founder 👔 | |
| Headquarters 🏙️ | Chelmsford, Essex, United Kingdom |
Area served 🗺️ | |
Key people | Alex Littner (managing director) |
| Products 📟 | Business loans, merchant cash advances |
| Members | |
Number of employees | 22 (2017)[1] |
| Parent | BFS Capital |
| 🌐 Website | boostcapital |
| 📇 Address | |
| 📞 telephone | |
Boost Capital is an alternative finance company based in the United Kingdom which provides business loans and merchant cash advances to small and medium-sized enterprises (SMEs).[2][3][4] The company is owned by BFS Capital, which provides similar funding options to SMEs in the United States and Canada.
History
In 2012, Boost Capital launched a £10 million fund to support the growth of small businesses in Yorkshire, including retailers, hotels and restaurants.[5]
In 2014, Boost Capital conducted research which found that sectors dominated by small businesses, such as manufacturing and construction, needed help to access finance. The research found that those industries lost a greater share of GDP than other sectors.[6]
In March 2017, Boost Capital relocated to a new office in Chelmsford. Commenting on the move, managing director Alex Littner said: "We have always seen Chelmsford as a good location. Its proximity to London, but without the costs associated, gives us access to a high quality workforce."[7]
In December 2017, BFS Capital announced that they, along with Boost Capital, had provided over $1.7 billion to SMEs across the UK, US and Canada since they started.[8]
Products
Boost Capital provides small business loans and merchant cash advances, both of which are forms of unsecured lending. They provide funding from £3,000.[9]
References
- ↑ "BOOST CAPITAL LTD - Filing history (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2018-12-19.
- ↑ Burn-Callander, Rebecca (2015-08-10). "Referrals for bank-jilted small firms still conspicuously absent". ISSN 0307-1235. Retrieved 2018-12-19.
- ↑ ""Banks too inflexible for small businesses: Boost Capital"". FT Adviser. 2014-06-25. Retrieved 2018-12-19.
- ↑ Frost, Maisha (2013-05-29). "Small business given boost in pursuit for quick access to loans". Express.co.uk. Retrieved 2018-12-19.
- ↑ "Boost Capital in launch of £10m fund to support SMEs". www.yorkshirepost.co.uk. Retrieved 2018-12-19.
- ↑ Hurley, James (2014-07-31). "Credit roadblock sends SMEs into the slow lane". The Times. ISSN 0140-0460. Retrieved 2018-12-19.
- ↑ Daudi, Farhan (2017-08-04). "Boost Capital's New Merchant Cash Advance Product Launches". Business Loans UK | Business Funding Solutions. Retrieved 2018-12-19.
- ↑ "BFS Capital's Into Money: Extends Over $1.7 Billion to SMEs Since 2002". Crowdfund Insider. 2017-12-07. Retrieved 2018-12-19.
- ↑ "Funding Solutions For SMEs | Short-Term Funding | Boost Capital". Business Loans UK | Business Funding Solutions. Retrieved 2019-01-04.
External links
- Boost Capital (company website)
- BFS Capital (parent company website)
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