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Momenta Finance demonstrated its commitment to supporting business growth by providing a substantial unsecured business loan of £250,000 over 60 months. 

The Opportunity

A family-run day nursery in Weybridge, a longstanding client of Bluestone, was poised for significant growth with the planned opening of their fifth nursery. Since its inception in 2018, the nursery has grown steadily, establishing a strong presence in the community. However, this growth opportunity brought with it the challenge of securing sufficient funding to cover essential costs such as decorating, staffing, and other project-related expenses.

The Approach

The nursery initially approached Bluestone for asset finance, however, it quickly became apparent that their financial needs extended beyond initial expectations. The nursery required additional support for decorating and recruitment costs, as their capital reserves were being rapidly depleted.

Recognising this, Bluestone, with its vast experience in delivering bespoke finance solutions, identified the necessity for a more comprehensive financial strategy to adequately support the client’s expansion ambitions. James Lewis, Bluestone’s Loans Specialist, selected Momenta for their proven capacity to comprehensively fund multifaceted projects, especially under tight time constraints.The solution involved structuring an unsecured business loan that would cover the remaining project costs. The loan was tailored to fit the nursery’s repayment capabilities, ensuring financial sustainability. Momenta’s expertise in handling complex funding requirements under time pressure was instrumental in this phase.

The Result

The business loan enabled the nursery to successfully manage its expansion costs and open its fifth location on schedule. James commented “Jake was always available and happy to help – he always had the information we needed and provided updates regularly to everyone involved which helped make the process a lot smoother. Any issues that arose were dealt with efficiently preventing any further delays to an already time-pressured project. I really look forward to working with Momenta Finance again.”

About Bluestone

Bluestone, an award-winning independent broker with over 27 years of experience, specialises in providing bespoke finance solutions to UK businesses. Renowned for their consultative approach, they excel in building long-term relationships with clients, supporting their growth through a range of financial specialisms. These include asset finance, vehicle finance, and cashflow loans.

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.

Working capital is the lifeblood of any business, and for SMEs, it holds even greater significance. It represents the operational liquidity needed to cover day-to-day expenses, manage inventory, and seize growth opportunities. Adequate working capital ensures that businesses can meet short-term obligations, maintain a healthy cash flow, and navigate unforeseen challenges. Here are some key reasons why working capital is a must for SMEs:

Momenta Finance: A Partner in SME Growth

Understanding the critical role of working capital for SMEs, Momenta Finance offers a range of tailored financial solutions to meet the unique needs of small and medium-sized enterprises. Among their offerings are unsecured and secured business loans, as well as a cash advance option, each designed to empower SMEs on their financial journey.

Unsecured Business Loans:

Momenta Finance’s unsecured business loans provide a hassle-free financial solution for SMEs. Without the need for collateral, businesses can access the capital they need quickly, allowing them to address pressing financial needs without putting their assets at risk. 

Secured Business Loans:

For SMEs with assets to leverage, Momenta Finance offers secured business loans. These loans provide a higher borrowing limit and more favorable interest rates by using assets such as a commercial property as collateral. This option is ideal for businesses looking for larger capital injections and are comfortable securing their loans with valuable assets.

Cash Advance:

Momenta Finance’s cash advance option provides a unique solution for businesses with consistent credit card sales. By offering a lump sum payment in exchange for a percentage of future credit card sales, this option allows businesses to access immediate funds based on their anticipated revenue. This can be particularly beneficial for SMEs experiencing seasonal fluctuations or those in need of quick working capital. 

Case Study: A Healthcare Transformation Fueled by Working Capital

A healthcare SME specialising in supporting vulnerable individuals secured an unsecured business loan of £100,000 from Momenta Finance. Over 60 months, this working capital injection was strategically employed to upgrade security, technology infrastructure, and overall safety measures. The tangible impact was immediate, enhancing daily operations and fostering a technologically advanced and secure environment for both residents and staff.

In the competitive world of SMEs, effective financial management is the key to survival and growth. Working capital stands as the linchpin of this management strategy, ensuring businesses can navigate the complexities of their operations. With Momenta Finance’s suite of financial solutions, SMEs have a reliable partner to turn to. Whether through unsecured or secured business loans or the flexible cash advance option, Momenta Finance empowers SMEs to take control of their working capital, fostering a pathway to sustainable success.

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.

With a rebrand from Merchant Money to Momenta Finance, we’ve not only embraced a new identity but also signified our commitment to evolution and progress.

Business Highlights

One of the cornerstones of our success this year has been the securing of two major funding lines, a testament to the trust and confidence our partners have in us. Barclays Bank PLC and Quilam Capital extended a substantial £115 million funding line, allowing us to enhance both unsecured and secured business loans, as well as offer a highly competitive bridging loan option with an additional £50 million funding line from a reputable bank.

In a bid to enhance user experience and streamline our services, we successfully launched an improved broker portal and decision engine. This technological advancement has not only simplified the application process but also enabled us to provide faster feedback, immediate indicative pricing, and real-time notifications to brokers. A staggering 75% of all our deal submissions now come through brokers via the portal, contributing to a remarkable 145% increase in originations.

In the period from 01 January to 30 November 2023 Momenta Finance experience a 55% growth in assets under management. The diverse nature of our lending is reflected in our strong support across multiple sectors, contributing over 5% to our assets under management. These sectors include Manufacturing and Engineering, Non-property construction & development, Professional and Business Support, Small builders/construction, Wholesale, and Property development. This robust and diversified portfolio not only underscores our commitment to meeting the unique financial needs of various industries but also solidifies our position as a trusted partner in the ever-evolving landscape of financial solutions.

The dedication and hard work of our sales team did not go unnoticed this year. We were honored to be shortlisted for the Unsecured Lender of the Year at the NACFB Lender Awards. Additionally, our team actively participated in various industry events, including broker end-of-year lunches, the Goodwood Car Festival, and numerous conferences and meet-the-funders sessions.

Team Growth and Personal Milestones

Momenta Finance is not just a business; it’s a family. This year, our team expanded with the addition of Jeremy as a Sales Director, joining Tom in leading our sales efforts. We also welcomed Kim to the credit team, contributing her expertise to our underwriting department. Amidst professional growth, our team celebrated personal milestones as three members prepared for parenthood. 

The successes and challenges of 2023 have strengthened our resolve to innovate, grow, and continue delivering exceptional financial solutions. We express our heartfelt gratitude to our introducers, partners, and clients for their trust and collaboration throughout the year.

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.

In the midst of the year-end hustle, SMEs need financial solutions that offer agility, flexibility, and the capacity to propel growth. This is where unsecured business loans come into play. Serving as a strategic catalyst that empowers businesses not only to navigate the challenges of the season but to thrive in the process.

Advantages of a Unsecured Business Loan

Quick Access to Funds: In the ever-fast-paced business landscape, time is of the essence. Unsecured business loans offer SMEs a swift approval process, providing quick access to the capital needed without unnecessary delays. This agility can be a game-changer, especially during the year-end rush, allowing businesses to meet demand promptly and stay one step ahead of the competition.

Flexible Repayment: Flexibility in financial matters is a precious commodity, and unsecured business loans deliver just that. With repayment terms tailored to align with the ebb and flow of your cash flow, SMEs can navigate the challenges of the year-end season without being hampered by rigid payment structures. This flexibility empowers businesses to focus on growth and performance.

Maintain Cash Flow: Safeguarding the smooth operation of a business requires a delicate balance, especially during busy periods. Unsecured loans act as a financial buffer, allowing SMEs to cover essential expenses and meet increased demand without depleting cash reserves. This strategic approach ensures that cash flow remains healthy, enabling businesses to operate seamlessly.

Seize Growth Opportunities: Year-end isn’t just a time of increased demand; it’s also a window of opportunity for growth. Unsecured business loans provide the financial backing needed to seize these opportunities. Whether it’s expanding product lines, launching targeted marketing campaigns, or enhancing online presence. This proactive approach ensures that businesses can propel forward and finish the year on a high note.

Invest in Inventory: A well-stocked inventory is a cornerstone of year-end success, especially when gearing up for holiday demand and capitalizing on sales. Unsecured loans offer the financial support necessary to invest in and replenish inventory, positioning businesses to meet customer needs and capitalize on seasonal trends.

Cover Seasonal Staffing: Unsecured loans provide the means to hire seasonal employees without straining payroll budgets. This flexibility ensures that businesses can scale up their workforce to handle the year-end rush effectively.

Unsecured Business Loan

As we approach the bustling year-end season, SMEs are encouraged to consider the strategic advantages that business loans can bring. Quick access to funds, flexible repayment terms, and the ability to seize growth opportunities are just a few of the benefits that can significantly impact a business’s success. In the dynamic landscape of year-end challenges and opportunities, unsecured business loans emerge as a valuable tool for SMEs looking not just to navigate but to thrive.

Loan Amount£50,000 – £250,000
Loan Term6 – 60 months
SecurityNot required
Personal GuaranteeYes
Over or early repayment: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.

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 

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:

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.

This financing was provided to a borrower in the automotive industry, with the specific purpose of supporting the launch of a new rental offering.

Moorgate, a well-established commercial finance brokerage since 2015, specialises in providing diverse financial solutions to businesses. Their services range from asset finance and unsecured loans to business protection and residential mortgages. Moorgate Finance aims to be a one-stop-shop for all funding requirements, forging strong partnerships with introducers and asset suppliers.

The borrower, a supplier partner of Moorgate, in the automotive sector, had achieved remarkable growth, even during the challenging economic conditions caused by the pandemic. Recognising an opportunity to diversify their product range and explore new revenue streams, they sought financing to embark on this ambitious venture. 

Moorgate considered multiple funding options for their client but ultimately selected Momenta due to the early settlement terms, aligning with the client’s desire to repay the debt quickly without incurring additional costs. Momenta allows for:

When it comes to navigating the complex world of commercial financing, experience and flexibility often make the difference between success and disappointment. George expressed his appreciation for the unique approach that Momenta brings to the table, “The beauty of dealing with Momenta, not just in this transaction but in others as well, lies in their unwavering commitment to crafting deals that truly benefit the customer. In an industry where many lenders rely on algorithms and ‘computer says no’ attitudes, it’s incredibly refreshing to work with a team that prioritises a human-led approach to underwriting.”

Tom Shave, the Business Development Manager at Momenta, played a pivotal role in the successful completion of this deal. George shared his perspective “Tom is a true pleasure to deal with. This isn’t my first transaction written with Tom, and across all of our dealings, Tom has always endeavored to keep me updated on where deals are in the process. He has understood any time constraints or quirks in individual deals, and has always been willing to work with us to piece together a deal. As brokers, we are always talking about the need for clear and concise communication with our lenders, and Tom is the embodiment of that.”

Momenta is proud to have partnered with Moorgate Finance Ltd to provide a tailored solution that aligns with the borrowers goals.

Unsecured Business Loan Features:

Here’s what you can expect from our Unsecured Business Loan:

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.

Traditional loans may not always be accessible or suitable. Especially for business that are new, lack significant trading history, or have fluctuating revenue patterns. This is where a Business Cash Advance (BCA), also known as a Merchant Cash Advance, can be a game-changer. Allowing the company to overcome short-term financial challenges, fund growth opportunities, or manage cash flow fluctuations with greater ease and convenience.

Our compelling BCA provides SMEs with the necessary funds to fuel their growth, without the constraints of traditional financing options.

Product Details Offered by Momenta Finance

Momenta Finance’s Business Cash Advance offers a range of features and benefits tailored to the needs of small businesses. Let’s take a closer look at the key aspects of this innovative financing solution:

When is the BCA the right funding solution?

A Business Cash Advance can be an ideal financing solution for businesses that meet specific criteria and face common challenges. Here are a few scenarios where a BCA may be the right fit:

Get started with securing the funding your business needs

Our BCA presents a flexible and accessible financing solution for SMEs that may not meet the requirements of traditional loans. With straightforward application process, repayments based on monthly card takings, and the ability to receive top-ups after just four months, this financing option empowers businesses to seize growth opportunities and manage their cash flow effectively.

Whether you’re a new business, experiencing fluctuating revenue, or seeking an advance without the need for security, our BCA can be the catalyst for your business success. Explore the possibilities and take a step towards securing the funds you need to fuel your entrepreneurial journey.

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.

UK-wide specialist finance provider Momenta Finance has made significant changes to improve their unsecured and secured business loans, as it looks to further support UK SMEs during an increasingly difficult trading period. The new product includes an increased maximum loan amount and longer loan term.

Momenta Finance’s CEO, Luke Jooste commented ‘UK SMEs continue to face an extremely difficult trading environment. We aim to support all small business owners as much as possible, by providing transparent and flexible lending products. Almost half of UK SMEs plan to take out some form of finance this year, be that for survival or growth. Yet, despite this, there are fewer lenders in our direct space and there is an overall reduced credit appetite across the market.’

Danny Girnun, Managing Director at Momenta Finance added ‘We are excited to continue our support through our improved products, for the benefit of our introducers and customers alike.’

The changes made to the improved unsecured and secured business loan product can be summarised as:

Unsecured Business Loans

Secured Business Loans

The changes give Momenta Finance some of the best access and rates in the UK SME lending space.

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 approaches, 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.