SME Capital enters partnership agreement with Chenavari Investment Managers

London-headquartered alternative finance provider, SME Capital has entered a partnership agreement with Chenavari Investment Managers.

Completed last week, this deal provides committed capital of £300 million and further extends SME Capital’s range of lending capability.

With the average loan application currently sitting at £2.9 million, this new deal will enable SME Capital to expand into larger deals and consider loans of up to £6 million.

James Kaberry, Chief Executive of SME Capital said: “We have several deals in the pipeline and our levels of interest are higher than ever. This is an exciting time for SMEs looking for finance and this new partnership with Chenavari underlines our stated ambition to deliver unparalleled bespoke funding solutions to these UK businesses.”

Benoit Pellegrini, Partner & Senior Portfolio Manager at Chenavari said: “We, at Chenavari, are excited to expand our Direct Origination investments through this new partnership with SME Capital. We believe that SME Capital’s unique offering, combining streamlined processes and thorough credit analysis, will provide bespoke financing solutions to the real economy and especially the underserved mid-market SME segment.”

Following their partnership with Chenavari, SME have completed a new deal, loaning wealth management company Finitor Wealth £2.8 million to support the acquisition of IFA firm, PFM.

About SME Capital:

Lending to Business is a constantly evolving market as traditional loan applications become increasingly lengthy, complicated and uncertain for SMEs. SME Capital sits at the forefront of the emerging range of alternative solutions offering a flexible, bespoke and service-led approach to established, medium-sized UK businesses.

Operating under a collaborative advisor-led model, SME Capital provides in-house technology to support the entire process from end-to-end. Its web-based platform enables UK SMEs to apply online for new loans, with the average loan application currently sitting at £2.9 million.

Its online application, credit assessment and loan execution processes have been engineered from the ground up to encourage streamlined, cooperative dialogue; ultimately, striving to deliver flexible and affordable loans to businesses, quickly and efficiently.