Midlands based accounting firm Dains has partnered with SME credit specialist Caple to help provide access to debt finance services from £500,000 to £5m.
The partnership is part of Dains’ strategy to bolster the range of funding options it is able to recommend to SMEs and help them secure the finance they need to grow. Businesses applying for funding require no collateral or personal guarantees as security. Loans originated through Caple will also complement existing bank lending.
Roy Farmer, head of corporate finance and partner at Dains, said: “Caple has delivered the most significant change in the UK SME funding market in the last 18 months. Caple’s offering is unique, and the unsecured loans it offers access to can make the difference between SMEs being able to access funds and implement their growth plans and not.”
Dominic Buch, co-founder and managing partner of Caple, added: “Growing SMEs have very limited access to genuinely unsecured debt in the UK. In a service-based economy such as the UK, this creates a barrier to growth and may push growing SMEs to issue equity instead of raising debt.
“By complementing bank lending, Caple supports the long-term growth of the business. Dains understands the benefits of the loans we offer access to and through its impartial and expert advice is helping SMEs access the funding they need.”