£150k Funding Supports Growth for UK Technology Business

A UK-based technology business received £150,000 in unsecured funding from Momenta Finance to support its next stage of growth.

The facility provides additional working capital to support expansion, helping the business invest in larger stock batches while maintaining the flexibility needed to meet ongoing operational requirements.

The Deal at a Glance

Facility: £150,000

Product: Unsecured Business Loan

Term: 36 months

Interest Rate: 15.60%

Purpose: Business expansion, stock investment and working capital

Introducer: Michael Joyce, Senior Funding Associate, Risecap

Momenta Finance: Ronan Carter, Business Development Manager

The Business

The business is a UK-based technology company developing smart storage solutions that help organisations manage shared electronic devices.

Its products are designed to keep devices secure, charged and readily available, helping businesses improve day-to-day operations and maintain better control over their equipment.

The Opportunity

As the business continued to grow, it needed additional funding to support larger stock purchases and strengthen its working capital position.

Increasing stock batches requires capital to be committed before products are sold and revenue is received. The business therefore needed a funding solution that would support its expansion plans while providing greater flexibility to manage day-to-day costs.

The Funding Solution

Momenta Finance provided a £150,000 unsecured business loan over 36 months at an interest rate of 15.60%, giving the business additional working capital to support larger stock purchases and its wider expansion plans.

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The Impact

The funding supports the business as it prepares to increase stock purchases and pursue its growth plans.

With additional working capital available, the business has greater flexibility to manage stock commitments alongside its ongoing operating costs, helping it prepare for increased demand and future opportunities.

Why Momenta Finance?

Understanding a business’s individual funding requirements is central to finding the right solution. In this case, the funding needed to support expansion while allowing the business to manage its stock and working capital requirements.

Working with Michael Joyce at Risecap, Momenta Finance provided an unsecured facility tailored to the business’s funding needs.

Michael Joyce, Senior Funding Associate at Risecap, said:

“Working with Momenta Finance is always a very simple and straightforward experience. The team are extremely professional, knowledgeable and willing to assist all of our clients wherever possible. Ronan in particular is always on hand to provide support and make the entire process as efficient as possible for both our clients as well as the Risecap team.

“Momenta Finance are always willing to accommodate the specific needs of our clients and go above and beyond in order to find the right solution for their funding requirements.”

Get in Touch

Have a client looking for funding to support expansion, invest in stock or strengthen working capital? Get in touch with our team to discuss their funding requirements.