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:
Momenta Finance 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.
The NACFB Commercial Lender Awards stand as a celebration of excellence within the lending community, and we’re honored to be recognised in the category of “Unsecured Funder of the Year.” We extend a heartfelt thank you to our dedicated brokers whose ongoing support has been instrumental in our journey.
Unsecured Product Features:
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
Your ongoing support means the world to us, and we’re immensely grateful for the opportunity to continue making a significant impact within the industry.
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.
Total loan book recorded a growth in excess of 40% during the H1 period, primarily fuelled by a substantial 145% increase in originations across all product offerings.
Business loan books witnessed an impressive surge of over 25%.
Property loan book experienced an increase of over 75%.
Our success is not solely measured by the numbers, but also by the strength of our introducer panel. Our panel has experienced a notable 22% increase compared to the previous quarter, a testament to our dedication to collaboration and our ability to deliver exceptional service to our partners.
Notably, construction, retail trade, entertainment, recreation, and travel have experienced substantial growth. However, we are not limiting ourselves to these sectors alone. Our strategic vision revolves around providing tailored financial solutions across a wide range of industries. We are actively partnering with introducers to extend support to SMEs operating in manufacturing, agriculture, transport, and other professional services. This initiative empowers UK businesses with customised financial solutions, fostering growth in critical sectors.
Luke Jooste, CEO of Momenta Finance said “Our success going into the year has been a result of our strategic focus on business loans and a compelling rebrand, both of which have amplified our market presence. As we continue to grow, our commitment remains centred on empowering UK SMEs and nurturing success across diverse industries”.
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 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.
With a comprehensive range of financing options, Momenta Finance stands out by offering clarity, innovation and a client-centric approach. Our compelling business loans provides SMEs with the necessary funds to fuel their growth, without the constraints of traditional financing options.
Understanding Your Business:
We believe that every business is unique and deserves a financing solution that caters to its specific needs. Our experienced underwriters invest time and attention to thoroughly understand your business, its potential, and its financing requirements. By leveraging this in-depth knowledge, we are able to provide the best possible financing options that align with your goals. From unsecured and secured business loans and business cash advances, our extensive portfolio covers a panorama of alternative finance solutions.
Transparent Lending and Financial Confidence:
We prioritise transparency, ensuring that our clients have a clear understanding of the terms and conditions associated with their financing. With Momenta Finance, you can have the financial confidence to make informed decisions and achieve your business potential. Our commitment to transparency extends beyond the initial stages of lending, as we maintain open communication throughout the process, ensuring you are well-informed at every step.
Streamlined Application Process:
We understand that time is of the essence for businesses, especially when it comes to accessing funds. That’s why we have developed a streamlined application process to make obtaining the financing you need easier and more efficient. With Momenta Finance, you can avoid the lengthy and cumbersome traditional lending processes. Instead, we leverage technology to simplify and expedite the application and approval process. Getting you the funds you require in a timely manner.
Accredited and Industry-Recognised:
We take great pride in our commitment to upholding the highest industry standards. We are accredited by the British Business Bank, a government-owned institution. Which reflects our adherence to stringent regulations and our dedication to providing reliable and trustworthy financial solutions. Furthermore, we collaborate closely with other industry experts to stay ahead of market trends and continuously improve our offerings, ensuring that our clients receive the best possible financing solutions.
We strive to be your trusted partner in helping your business succeed. If you are looking for more than just financing, if you want a collaborative partner who understands your business and shares your vision for growth, we invite you to get in touch with us today.
Our experienced team is ready to work closely with you, offering not only financial solutions but also strategic guidance and support. Whether you need assistance with expansion plans, cash flow management, or navigating the complexities of the business landscape, Momenta Finance is here to help.
Don’t settle for a traditional lender that only sees your business as a transaction. Choose Momenta Finance, a partner who will invest time and attention into understanding your unique needs and provide tailored solutions to help your business thrive.
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.
