IGF posts 76% SME lending surge

Independent Growth Finance (IGF) has reported a 76% increase in funds advanced to UK SMEs in the year to June 2018.

The commercial finance provider offers flexible funding solutions, including asset-based lending, to UK SMEs and is backed by private equity firm Spring Ventures, which recently increased its commitment in the company.

IGF specialises in finance for management buy-ins and buy-outs, refinancing requirements, restructuring activities and viable turnaround proposals.

The company has recently provided solutions to Penta Foods Ltd, EPI Group and Thane Direct UK Ltd.

“Our asset-based lending proposition continues to excel as we provide flexible finance solutions to ambitious growth companies,” said John Onslow, CEO at IGF (pictured above).

“We’re committed to helping our clients find the right solution for their business.”

To support its growth, IGF also announced that it would be relocating its head office to Redhill, Surrey, in September.

 “Over the coming months, we are looking to double the size of our asset-based lending sales team, seeking aspirational people who want to be a part of our growth story,” added John.

“The office move to Redhill will provide the right environment to continue our significant growth.

“As we look forward to the coming year and future expansion, we are very pleased to have the continued support and substantial backing of Spring Ventures.” 

John Hudson, managing partner at Spring Ventures, said it was delighted to see IGF go from strength to strength.

“Our increased commitment is a measure of their achievements to date and our confidence in the delivery of future success.”

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