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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's owned by BFS Capital, which provides similar funding options to SMEs in the United States and Canada.
 | |
| Company type | Private limited company |
|---|---|
| Industry | Fintech |
| Founded | 2012 |
| Headquarters | Chelmsford, Essex, United Kingdom |
Key people | Alex Littner (managing director) |
| Products | Business loans, merchant cash advances |
Number of employees | 22 (2017)[1] |
| Parent | BFS Capital |
| Website | boostcapital |
History
editIn 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 business, 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
editBoost Capital provides small business loans and merchant cash advances, both of which are forms of unsecured lending. They provide funding from £3,000.[9]
Awards and recognition
editBoost Capital was named a finalist in the British Bank Awards 2018 in two categories, 'Best Business Finance Provider' and 'Best Alternative Finance Provider'.[10]
They were shortlisted as 'SME Lender of the Year' in the 2018 Credit Awards.[11]
Boost Capital was awarded ‘Highly Commended’ in the ‘Best Alternative Business Funding Provider” in the Business Moneyfacts Awards 2018.[12] They're also finalists in three categories in the Money Business Moneyfacts Awards 2019 - 'Best Franchise Banking Provider', "Best Alternative Business Funding Provider' and 'Best Service from an Alternative Funding Provider'.[13]
References
edit- ^ "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.
- ^ People, Smart Money. "British Bank Awards 2018: Finalists". Smart Money People. Retrieved 2019-01-02.
- ^ "Credit Awards shortlist 2018". Credit Strategy. Retrieved 2019-01-02.
- ^ "Business Moneyfacts Awards 2018". www.moneyfactsgroup.co.uk. Retrieved 2018-12-19.
- ^ "Business Moneyfacts Awards 2019 finalists revealed". moneyfacts-news.co.uk. Retrieved 2019-01-02.
External links
edit- Boost Capital (company website)
- BFS Capital (parent company website)