Momenta Finance a prominent business lender operating across the UK, has achieved recognition by being shortlisted as a finalist in the esteemed NACFB Patron Awards’ Unsecured Lender of the Year category.
Shortlisted: NACFB Patron Award
UK-wide business lender Merchant Money (Momenta Finance) has been shortlisted in the Unsecured Lender of The Year category of the prestigious NACFB Patron Awards.
MM was chosen based on the previous 12 months success in providing unsecured funding facilities through its broker network to UK SME’s. These facilities were in the form of RLS loans, backed by the British Business Bank and non-Government backed traditional loans. MM also successfully raised an additional £150 million funding line provided by a major UK clearing bank and Shawbrook, in support of lending. This was their largest single fund raise to date. As a net result, MM grew its combined unsecured loan book more than 35%.
Several factors make this achievement remarkable:
- MM being an SME itself.
- Being accredited by the British Business Bank for this scheme, following their partnership under the CBILS scheme in 2020.
- MM maintained average turnaround times at 24/48hrs, despite receiving a high volume of applications.
- MM made a commitment to lend right up until the RLS deadline. Many other lenders had stopped lending, giving SMEs access to vital funds
- MM maintained a high (4.7) Trust Pilot score from customers
Luke Jooste, CEO of MM comments ‘I am delighted that we have been shortlisted for this important industry award and I am incredibly proud of our team that continues to keep UK SMEs at its heart. We will once again be looking for the support of our brokers when voting opens. I look forward to meeting the other deserving finalists on the night.’
This year there were over 230 applications from more than 70 organisations across 15 categories. The awards will take place on Thursday 24th November 2022 at the Westminster Park Plaza.
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 Finance offers a panorama of lending options, including unsecured and secured business finance, bridging loans and business 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.