Momenta Finance recently launched its innovative Growth Guarantee Scheme, designed to provide businesses with the financial support they need to expand and undertake new projects. Within 24 hours of the scheme’s launch, Momenta Finance successfully funded its first loan, demonstrating its effectiveness and commitment to supporting business growth.
Successful first loan of the Growth Guarantee Scheme
The Client
The successful first loan of the Growth Guarantee Scheme beneficiary is a well-regarded joinery manufacturer and contractor. This business has established strong relationships with major contractors, leading to a significant amount of repeat business. Their reputation in the industry is built on quality craftsmanship and reliable service delivery.
- Facility Amount: £150,000
- Term: 60 months
- Special feature: No early or over repayment fees
This financial package was tailored to meet the specific needs of the joinery manufacturer, providing them with the flexibility and security required to manage their cash flow effectively while focusing on growth.
Purpose of the funding
The loan will be utilised to support several upcoming projects, including a major project valued at approximately £1 million in the Liverpool area. This project is expected to further enhance the company’s portfolio and strengthen its market position.
Conclusion
The swift successful first loan of the Growth Guarantee Scheme both with approval and disbursement underscore Momenta Finance’s commitment to facilitating business growth and development. By removing barriers such as early repayment fees, our product offers businesses the opportunity to focus on expansion without additional financial constraints. The success of this initial funding highlights the potential of the Growth Guarantee Scheme to drive economic growth and support businesses in achieving their strategic objectives.
This case exemplifies how targeted financial solutions can empower businesses to seize new opportunities and scale their operations effectively.
