Starling and Funding Options Support SMEs with Quick Loans | Banking
Today, with more than 120 lending partners, the company has helped raise around £ 500million between 10,000 businesses in the UK and the Netherlands.
Starling, still fresh, has a 5% share in the UK SME market. His collaboration with Funding Options includes joining the latter’s aforementioned lending panel.
Promote business growth
Throughout the COVID-19 pandemic, Starling has proven to be an ally of small businesses as they seek ways to stay afloat. So far, the pioneering challenger bank has issued £ 2 billion in government guaranteed loans and plans to increase its SME accounts to 18% of the UK market within five years.
“By forming lending partnerships with credit brokers such as Funding Options, Starling is making it easier for small businesses to access the funds they need to survive, grow and prosper,” said Helen Bierton, director of banking services. .
For its part, Funding Options has been equally proactive over the past 12 months: it has traded £ 850 million of and enabled SMEs to find and access the funds they needed. Stuart Lawson, CRO, is confident that Starling’s participation will add value to their joint efforts:
“This partnership with Starling Bank is another strong signal to business owners that Funding Options will do everything to stimulate competition in the SME lending market and foster business growth by providing a fair, profitable and competitive choice.”
SMEs: vital for the economy
Find out more in our featured article ”. ‘
Did you know? Anne Boden, CEO and Founder of Starling Bank, won our list of the Top 100 Women in Fintech. Read the full article here.
Image Source: Starling Bank