winning business finance marketplace, Funding Options, will soon be part of Starling Bank’s in-app marketplace for small businesses.
Funding Options helps small businesses source alternative funding options from as little as £1,000 up to £10 million. The partnership with Starling Bank, the leading mobile-only bank, will mean small business customers will be able to access funding from the convenience of their smartphone, free of charge.
Funding Options works with over 50 lenders to help small businesses access alternative forms of finance. Funding Options currently helps hundreds of firms access tens of millions of pounds in funding every month and this partnership will enable it to support even more small businesses to access the right loan for their situation.
Ryan Edwards-Pritchard, Managing Director, Funding Options, comments: “Every year millions of small businesses find themselves unable to access funding from the mainstream lenders. With small businesses playing such an important role in the economy, we need to have somewhere for these firms to turn to and that is why we exist.
“Our mission is to help small businesses, like your local bike shop or your independent hairdresser, to walk tall. This partnership with Starling will help us support thousands more businesses to achieve their goals, whether they’re looking to grow or just wanting to get back in the black.”
Megan Caywood, Chief Platform Officer, Starling Bank, said: “Small businesses have always been the backbone of the UK economy, but too often hit a wall with the big banks. We want to change this, and partnerships with businesses like Funding Options are another big step in helping small businesses manage their finances.
“We are excited that through this partnership we will be able to offer small businesses the efficiency, flexibility, support and security to help them thrive. This is what banking should be about, and this is why Starling was founded – to put financial control back into the hands of businesses and consumers.”