365 Business Finance boosts funding capacity with increase to senior secured facility with Pollen Street
Summary
365 Business Finance and Pollen Street Capital (Pollen Street) have successfully completed a 40% increase to Pollen Streets senior secured credit facility boosting 365 Business Finances funding capacity to support SMEs across the UK.The London-based provider of revenue-based finance has already seen significant growth in demand, with 141% year-on-year increase in the amount funded to UK SMEs. 365 Business Finances proprietary technology platform and unique automatic collections process have enabled it to maintain market-leading credit performance and record levels of origination. Our flexible repayments solution, which matches our customers cashflow, market-leading customer service and fully-automated collections technology have enabled us to become a leading provider of unsecured finance to the retail, hospitality and online sectors.Were delighted to build on our long-standing relationship with Pollen Street. Through this facility our financing will continue to support SMEs across the UK, aligning with our commitment to generating a positive impact through the work that we do.365 Business Finance has grown significantly and is originating at its fastest pace ever while performance and cash collections remain strong. The business has seen headcount grow by 50% in the past 12 months and recently opened a brand-new office in Finchley Road.