30th October 2023

Momenta Finance & Funding Bay Fuelling SME Success

For small and medium-sized enterprises (SMEs) in the UK, the choice of the right financial partner can make or break their journey towards success. In today’s rapidly evolving business landscape, where growth, expansion, and financial agility are paramount, selecting a trusted ally becomes increasingly critical.

That’s where Momenta Finance comes into play, in collaboration with Jack Rowe from the highly reputable brokerage, Funding Bay. Together, they have joined forces to address the financial requirements of numerous UK-based SMEs spanning diverse industries. With their FCA-regulated status and an impressive six-year track record, Funding Bay provides a wide array of business finance products designed to meet the unique needs of SMEs.

In the past month, we’ve witnessed the remarkable success stories of four UK SMEs that have received funding. 

The successful funding of these SMEs is a testament to our exceptional ability to support businesses across a wide spectrum of sectors. But there’s more to this success story than just numbers and figures. It’s about the power of forging strong, productive partnerships between borrowers and lenders, a synergy that is indispensable for SMEs aiming to thrive in today’s competitive marketplace.

In the past month, the remarkable success of four UK SMEs, which received funding, is a direct outcome of the close working relationship between Momenta Finance and Funding Bay.

Successfully Funded SMEs 

  • Deal 1: Empowering Retail Growth: A retail business was looking to expand its operations. Momenta Finance provided a tailored financial solution that facilitated this growth.
    • Amount: £150,000 
    • Interest Rate: 14.76%
    • Term: 60 months with 6 months of interest-only payments
  • Deal 2: Fuelling Manufacturing Expansion: A manufacturing company needed working capital to meet increased demand for its products. Together, Funding Bay and Momenta Finance structured a financing package that allowed the business to seize growth opportunities.
    • Amount: £250,000 
    • Interest Rate: 15.48%
    • Term: 60 months with 6 months of interest-only payments
  • Deal 3: Elevating Service Excellence: A service-based business required funding to enhance its technology infrastructure and improve customer service. Funding Bay and Momenta Finance worked in unison to ensure the company’s financial needs were met.
    • Amount: £200,000 
    • Interest rate: 16.56%
    • Term: 60 months 
  • Deal 4: Accelerating Construction Projects: A construction firm urgently needed funds to cover equipment and labor costs for a significant project, Momenta Finance enabled quick access to the necessary capital.
    • Amount: £120,000 
    • Interest Rate: 21.48%
    • Term : 60 months

The Vital Role of Strong Partnerships

Funding Bay’s decision to partner with Momenta Finance was influenced by their prior experience working together. Their familiarity with Momenta’s affordability criteria streamlined the initial assessment of potential borrowers. Momenta Finance’s capacity to provide rapid decision-making, exemplary service, and competitive rates made them the preferred lender for these transactions.

Jack commented “Brokers typically want two key things from a BDM, someone who’s knowledgeable on their products and easy to get on the phone, Alex Forster, the BDM at Momenta, embodies both of these exceptionally well. He not only possesses a deep understanding of the products but also demonstrates a keen awareness of what Momenta’s underwriters will and won’t approve. Momenta’s ability to provide swift responses is a tremendous asset. A timely ‘no’ is undoubtedly preferable to a protracted one.”

In the ever-evolving landscape of SME financing, the collaboration between Momenta Finance and brokerages like Funding Bay stands as a testament to successful partnerships. Their consistent support for SMEs in various sectors exemplifies the vital role of a trusted financial ally. 

Their dedication to ensuring that businesses receive the funding they require reflects a commitment to the prosperity of SMEs in the UK, cementing Momenta Finance as a reliable presence in the world of SME finance.

Fuelling SME Success with our Unsecured Loan:

Our unsecured lending product offers tailored financing solutions, providing businesses with the necessary support and flexibility they require. This product includes:

  • Financing up to £250,000
  • Term of 6 – 60 months
  • No early repayment charges after 12 months

About Momenta Finance

Momenta Finance, formerly Merchant Money, is a leading provider of alternative finance solutions headquartered in London, United Kingdom. Established in 2013, Momenta offers a panorama of lending options, including unsecured and secured business finance, bridging and cash advances. The company’s commitment to transparency, tailored and credible funding has made it a trusted partner for businesses seeking financial support. Momenta Finance is accredited by the British Business Bank and upholds the highest industry standards.