Caple and BTG Advisory announce partnership

 

Alternative credit specialist Caple and professional services firm BTG Advisory have announced a new partnership to help UK businesses access unsecured lending.

The partnership aims to help businesses access long-term unsecured debt finance of between £500,000 and £5 million. The unsecured lending is based on the future cash flows of the SME and requires no collateral or personal guarantees as security.

Dominic Buch, co-founder and managing partner of Caple, said: “Options for genuinely unsecured debt for SMEs are limited in the UK. While banks can fund an amount that reflects the tangible assets in a business, they can’t help if an SME has no further assets.

“In an asset-light economy such as the UK, this creates a barrier to growth and may push businesses to issue equity instead of raising debt. By complementing traditional bank lending, Caple is able to support a blend of funding that delivers stable and long-term financing to support SME growth. Our partnership with BTG Advisory will help achieve this.”

Caple originates loans through a local partner network of business advisory and accountancy firms, such as BTG Advisory.

Supported by Caple’s technology platform, BTG Advisory assesses the eligibility of its clients for funding. It also prepares business plans and financial forecasts that make the case for funding.

Karl Hodson, director – corporate solutions at BTG Advisory, said: “Caple is unique in the UK in offering access to genuinely unsecured long-term loans at fairly priced rates for the size of the loan. Through our partnership with Caple and our new hires, our aim is to help successful, established businesses to access the funding they need to grow and succeed.”

The loans Caple facilitates are part of BNP Paribas Asset Management’s SME Alternative Financing direct lending platform.