Debt recovery start-up secures six-figure funding package
A Burton-based debt recovery business is set to create five new jobs after receiving £100,000 in funding.
Maxima Creditor Resolutions, based in Blakenhall Park Bar Lane, Barton Under Needwood, secured the funding from the Midlands Engine Investment Fund (MEIF) and the Staffordshire & Stoke on Trent Business Loan Fund managed by BCRS Business Loans.
The cash will enable the start-up to strengthen and expand its services, create the additional jobs and support three of its existing employees.
Maxima was established in October 2021.
Mark Andrews, co-founder of Maxima Creditor Resolutions, said: “After securing funding from BCRS we will be able to use the fund to recruit an additional five people and secure the futures of three existing members of staff.
“The investment fund will allow us to recruit legal professionals together with administerial roles to support the infrastructure.
“The loan application process with BCRS was painless. Andrew from BCRS took the time to understand the business and what we were trying to achieve. It felt more like a partnership rather than just completing a single application form.”
Andrew Hustwit, head of business development at BCRS Business Loans, added: “As a lender that delivers funding for intentional social and economic impact, it is great news that five new jobs will be created by Maxima Creditor Resolutions.”