Commercial financial partnership launched

A partnership has been formed to provide commercial finance to entrepreneurs who want to launch or grow businesses across the Yorkshire region.

The Business Catalyst Club has agreed a deal with commercial finance brokers ABL Business to create Business Catalyst Finance.

The partnership will provide access to a range of funding options such as commercial property finance, business loans and venture capital along with alternative finance opportunities like asset-based lending and peer-to-peer lending.

Business Catalyst Club founder and director, Graham Shiers, said: “We had an overwhelming response to the launch – we have hit the ground running and are already helping to bring some imaginative opportunities to fruition.

“We now want to add even more value by broadening the way we help entrepreneurs to source funding for their projects alongside our role in facilitating the right commercial and professional introductions. As well as enabling opportunities through Venture Capital, Business Angels and other investors, we can now help people access commercial finance support from over 120 lenders available through our ABL Business partners”.

The Business Catalyst Club was recently launched to promote business growth by creating beneficial relationships, bringing together entrepreneurs, investors and decision-makers from across the region.

The invitation-only quarterly lunches offer a platform for a select number of ventures seeking capital to showcase their proposals to members and guests – many of whom are business angels, private investors and institutional lenders. Proposals are considered from start-ups to more established trading businesses.

The partnership has already got involved with projects, including sourcing a business loan for a software company, organising asset finance for a machinery rental company and creating a cashflow package for a facilities management firm.

 

Joint Managing Director of ABL Business, Andy Redman, said: “By joining forces, we will be able to reach out to the Business Catalyst Club’s extensive network of contacts and we’re eager to play our part in turning some great projects into reality.”

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