Leading small business financing platform Boost Capital has agreed to a partnership with Smarter Business, one of the UK’s leading independent consultancies.
As part of the agreement, Smarter Business, who help to secure the best deals for small businesses across a range of general overheads including gas, electricity, water, telecoms, and waste management, will offer Boost Capital’s financial products to its customer base.
Alex Littner, Managing Director of Boost Capital, said: “This partnership highlights our commitment to small businesses that are often time-poor. Our timely, flexible financing solutions are built with the busy small business owner in mind and seek to make the process as simple and accessible as possible.”
The partnership will provide a new revenue stream for Smarter Business, but crucially will add extra value to its cohort of over 40,000 businesses.
Ken Albon, Head of New Products at Smarter Business Group, said: “We’re delighted to add Boost Capital to our offering for small businesses. We believe the partnership really represents smart business for our customer-base.’’
The news comes after Boost Capital’s recent rating as one of the industry’s top alternative business funding providers at the Business Moneyfacts Awards. Smarter Business also recently became the first Third Party Intermediary (TPI) to be awarded Platinum status by Total Gas and Power and was awarded the title of ‘Best Advice’ at last year’s Telca awards.
Alex Littner added: “We’ve always believed that customer service is the cornerstone of our business, and that’s evident in our consistent five star ratings on Trustpilot and our essential servicing touch points. The fact that the majority of our customers return to us for a second or third tranche of funding also shows our retention-rate.
“As Boost Capital continues to grow we’ll make further investments in our product line-up, technology platform and customer servicing to become a one-stop financing resource for small businesses.”
The recent launch of Boost’s new loan decision tool too, which has taken learnings from the extensive experience across their UK and US loan books, also underlines their commitment. Those looking to borrow less than £25,000 benefit from the new assessment model, which removes the need for ‘human-touch underwriting’, meaning that decisions are delivered promptly and consistently.
In the UK, and through its parent company BFS Capital in the United States and Canada, the Company has provided more than £1.2 billion in total financing to more than 20,000 small businesses across more than 400 industries.
About Boost Capital
Boost Capital champions the growth and prosperity of small businesses by providing timely, flexible financing solutions. Their leading small business financing platform leverages customised underwriting and proprietary algorithms to fund businesses in the UK, and through its parent company, BFS Capital, in the United States and Canada.
In the UK, US and Canada it has provided more than £1.2 billion in total financing to more than 20,000 small businesses across more than 400 industries.
About Smarter Business
Smarter Business offers a brokerage service to UK businesses – advising, negotiating and procuring the best deals for customers across a range of general overheads including gas, electricity, water, telecoms, and waste management. Their underlying philosophy is to dramatically reduce costs for their customers – something they have done successfully for thousands of clients since their inception in 2009.
For more information please visit www.smarterbusiness.co.uk