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Company type | Private limited company |
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Industry | Fintech |
Founded | 2012 |
Headquarters | Chelmsford, Essex, United Kingdom |
Key people | Alex Littner ( managing director) |
Products | Business loans, merchant cash advances |
Number of employees | 22 (2017) [1] |
Parent | BFS Capital |
Website |
boostcapital |
Boost Capital is an alternative finance company based in the United Kingdom which provides business loans and merchant cash advances to small and medium-sized enterprises (SMEs). [2] [3] [4] The company's owned by BFS Capital, which provides similar funding options to SMEs in the United States and Canada.
In 2012, Boost Capital launched a £10 million fund to support the growth of small businesses in Yorkshire, including retailers, hotels and restaurants. [5]
In 2014, Boost Capital conducted research which found that sectors dominated by small business, such as manufacturing and construction, needed help to access finance. The research found that those industries lost a greater share of GDP than other sectors. [6]
In March 2017, Boost Capital relocated to a new office in Chelmsford. Commenting on the move, managing director Alex Littner said: "We have always seen Chelmsford as a good location. Its proximity to London, but without the costs associated, gives us access to a high quality workforce." [7]
In December 2017, BFS Capital announced that they along with Boost Capital had provided over $1.7 billion to SMEs across the UK, US and Canada since they started. [8]
Boost Capital provides small business loans and merchant cash advances, both of which are forms of unsecured lending. They provide funding from £3,000. [9]
Boost Capital was named a finalist in the British Bank Awards 2018 in two categories, 'Best Business Finance Provider' and 'Best Alternative Finance Provider'. [10]
They were shortlisted as 'SME Lender of the Year' in the 2018 Credit Awards. [11]
Boost Capital was awarded ‘Highly Commended’ in the ‘Best Alternative Business Funding Provider” in the Business Moneyfacts Awards 2018. [12] They're also finalists in three categories in the Money Business Moneyfacts Awards 2019 - 'Best Franchise Banking Provider', "Best Alternative Business Funding Provider' and 'Best Service from an Alternative Funding Provider'. [13]