Cashless payment provider secures £125,000 Tier 1 business loan
“Tom Shave and Momenta Finance were quick to understand the client’s business model and the growth potential in their niche market. The unsecured structure and competitive terms gave my client the confidence to press ahead with their expansion plans immediately.”
The client is a specialist provider of cashless payment and machine management solutions to the UK land-based gaming industry, supporting operators with technology that improves control, efficiency, and player experience. The business services venues across the country. It offers integrated systems that help streamline operations and revenue management.
The Opportunity
This opportunity was introduced to Momenta Finance by broker Jack Weston of Portman Finance Group and was led by Sales Director, Tom Shave.
The company is entering a new phase of growth, with a pipeline of upcoming projects aimed at enhancing its platform, broadening its service offering, and deepening relationships with existing and new gaming operators. To capitalise on these growth opportunities and strengthen its market position, the business required additional capital. This was to invest in these projects while maintaining day-to-day working capital headroom.
Following the recent announcement of our £125m forward flow facility with a leading global investment bank, Momenta Finance has significantly enhanced its capacity to support SMEs. We are now offering interest rates starting from 7% per annum, alongside extended loan tenors. This institutional backing allowed us to assess this client under our newly launched tiered structure. It is designed to bridge the gap from high-street banks to alternative lenders. By utilising our streamlined single-application workflow, we were able to offer the client the most competitive terms. There is no need for the broker to pre-judge eligibility.
The funding is structured to provide the borrower certainty over repayments across a six-year term, without needing tangible security. This approach enables the business to commit to its project roadmap. At the same time, the company can retain flexibility to respond to further opportunities in a dynamic market.
The Outcome
By securing growth capital on an unsecured basis via Momenta’s new Tier 1 structure, the company is well-positioned to scale its footprint in the UK land-based gaming sector. It can strengthen existing partnerships and continue investing in technology that supports long-term, sustainable growth.
The Introducer’s Perspective
“Tom Shave and Momenta Finance were quick to understand the client’s business model and the growth potential in their niche market. The unsecured structure and competitive terms gave my client the confidence to press ahead with their expansion plans immediately.”
Portman Finance Group is a specialist commercial finance provider supporting UK businesses with access to a broad range of funding solutions. As a hybrid broker and lender, Portman works with a wide panel of funding partners as well as providing its own facilities, helping clients secure asset finance, lease and hire purchase arrangements, and business loans tailored to their needs. The team focuses on personal service, with dedicated account managers who take time to understand each business, structure appropriate facilities and move quickly from proposal to approval. This means that clients can execute their plans without delay.
