Caple, the alternative SME credit specialist, has completed two eight-year, fully unsecured loans for two UK SMEs this week.
The firm has supported Grayson Thermal Systems (Grayson), a supplier to the automotive market, with a £2m loan. Caple has also facilitated a £3m loan with Spinnaker International Ltd (Spinnaker), a world-renowned manufacturer of cash protection boxes and asset tracking technology.
Caple has now completed seven deals worth £16.7m for seven UK SMEs and has more than £80m more in its deal pipeline.
Dominic Buch, co-founder and managing partner of Caple, said: “Successful and growing businesses such as Grayson and Spinnaker need funding that matches their size and ambition. But options for genuinely unsecured debt, requiring no personal guarantees or security, are limited in the UK.
“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. Our deals prove the appetite among UK SMEs for unsecured loans alongside bank lending to fund growth. Given the benefits of this blended financing approach, we anticipate doing a lot more.”
The loans Caple facilitates are part of BNP Paribas Asset Management’s SME Alternative Financing direct lending platform, which enables SMEs to access funding from institutional investors.