Lent to businesses across 37 cities in the UK with the majority of our customer demand coming from the the South East.

Paid suppliers in 🇬🇧 🇮🇪 🇨🇭 🇳🇱 🇺🇸 🇨🇳 🇩🇪 🇸🇪 🇪🇸 🇮🇹 🇦🇹 🇹🇭 🇵🇱 🇧🇪 🇩🇰 🇷🇴 🇵🇹

Average invoice and facility size have both increased from Q4 reflecting the opportunity in lending to larger companies that struggle to get the flexibility they need from their existing banking relationships.

Pleased to have provided an extra 82,320 days of cashflow across our customer base by deferring payments to their suppliers.

Our biggest sectors are construction services, consumer products and household furnishing. Anything construction service related has had a significant pull back from existing lenders.

Our facility was used to finance items ranging from a few tonnes of cocoa beans, VAT bills, robotic arms, 30oz Gold and a fleet of commercial vans.

Overall credit conditions for small businesses continue to remain tight and we're seeing banks reacting to a higher rate environment by focussing on more secured vs unsecured lending creating a bigger gap in lending to larger businesses without collateral to offer as security.