Marlow's BizBritain to partner start up loans programme
Marlow-based credit brokers BizBritain was announced as one of two partners in British Business Bank's Start Up Loan programme.
BizBritain will support the programme alongside Virgin Startup.
The Start Up Loans scheme delivers finance to small businesses through its partners at a fixed interest rate of 6 per cent and provides mentoring to recipients. Since inception, the scheme has delivered over 100,000 loans worth more than £980 million to businesses.
Managing director at Start Up Loans Richard Bearman said: “I am delighted to confirm these two appointed BSPs, who will be fundamental in delivering our ambition to provide funding to those wanting to start a business with the finance and support to do so.
“Both companies share the same passion and determination for supporting UK small businesses which is essential as business owners continue to grapple with a challenging economic landscape. They each have a fantastic track record. In the case of Virgin StartUp we know the team just recently delivered its 5,000th loan.”
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BizBritain, the Marlow credit brokers, has directly funded more than 4,000 start-ups with a combined total of over £50 million.
CEO and founder of BizBritain Matt Gubba said: “At BizBritain, we're passionate about enabling the dreams and ambitions of UK small businesses. Our partnership with the British Business Bank is an embodiment of that passion, offering Start Up Loans that can serve as the catalyst for economic growth and innovation across the UK. In supporting these businesses, we’re investing in the future of our country, fostering job creation, and driving forward economic resilience.”
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