We provide loans of £1m to £10m for fast-growing businesses with a growth-type need, whether they require working capital, M&A or simply growth capital. The use of money can be flexible – for example, to maintain existing growth strategies or to implement new projects, such as buying an existing UK business.
Growth loans are exactly that – loans designed to help your company grow. We are looking to fund innovative businesses with a growth-type need, which could be a need for working capital, M&A or simply growth capital.
We provide funding swiftly – in as little as six weeks – and the use of money can be flexible: for example, to support your working capital needs during a strong growth phase, to maintain your existing growth strategies or to implement new projects made possible in the current climate, such as expanding or buying an existing UK business.
We have a preference for TMT (technology, media and telecommunications) businesses, but companies in all sectors are eligible, with the exception of banks/building societies, insurers and reinsurers. We trust you to deliver your business plan and do not take seats on your board.
We want to learn about your business model, your management team and your key clients, as well as your targets and how you plan to achieve them, so that we can tailor a loan to support your needs.
We want to see minimum revenues of £3m (we are typically best for businesses with turnover of less than £50m, but can look at companies of any size), and we expect to see revenue growth, although we will make an exception for the Covid-19 period.
We can lend up to 5x EBITDA for established businesses, but we are able to look beyond the metrics where relevant (for example, if your company is high-growth, is in the tech sector and has been affected by Covid-19 and loss-making for a period).
Every application for a loan from BOOST&Co is processed by people, not machines.
After you have submitted an application, our experts will quickly gain a thorough understanding of your business, which helps us to assess how much we can lend. We will then tailor your growth loan after further discussions with you.
When everyone is happy, we will issue a term sheet, summarising the details of the loan. The deal will then go through our due diligence process. When it has been approved, you will be eligible to draw down the funds.
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