The companies have entered a relationship that is intended to raise a minimum of £4 million from retail investors through a series of loans.
The deal will also allow Just Cashflow to expand the range of businesses that can be supported through the FundingKnight lending platform.
“This is excellent news for UK businesses as our experience shows that as they grow they need access to finance and need to establish a record of successfully borrowing and making repayments,” said John Davies, Director of Just Cashflow.
“This arrangement will effectively increase the early funding available to businesses and importantly help them establish a good credit record which will be invaluable in the future.”
The partnership will allow FundingKnight to provide finance facilities to growing UK businesses that have already been approved by Just Cashflow; in the pastthese companies might have been too young to qualify for a FundingKnight loan.
This relationship represents a fantastic way for FundingKnight lending community to continue to support a wide range of UK SMEs by plugging into Just Cashflow's experience, underwriting and growth aspirations,” said FundingKnight’s Chief Executive, Graeme Marshall.
“This provides a complementary investment opportunity to the wide range of other FundingKnight loans, and enables more UK businesses to benefit from the alternative finance space."
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