Knight Debt Advisory advises Creative Capital on its funding from Conister Bank | Knight

Knight Debt Advisory advises Creative Capital on its funding from Conister Bank

Creative Capital, a Runcorn-based provider of short-term funding to SMEs, has agreed a new multimillion-pound deal with Conister Bank. The £3.5m facility will enable the alternative finance lender to meet demand from small businesses looking to fund growth opportunities on a transaction-by-transaction basis.

It provides rapid access to selective invoice finance, trade finance and stock finance facilities for a diverse range of SMEs including importers, wholesalers, manufacturers and those in construction.

Sam Forshaw, sales and marketing director at Creative Capital, said: “This is a significant milestone that enables us to ramp-up support for UK SMEs and accelerate the development of our innovative model of finance provision and client support. In these uncertain times flexible short-term funding is proving extremely popular as business owners increasingly look to exploit growth opportunities whilst remaining fleet-of-foot. By combining the support of Conister Bank with the existing backing of private investors, we can help more small businesses access tailored funding solutions that meet their exact needs.”

Douglas Grant, managing director at Conister Bank, added: “We are delighted to be providing a revolving credit facility (RCF) to Creative Capital who deliver vital funding and support by way of short-term working capital facilities which form an important sector of the SME market.

Max Ward and Paul Billingham, of Warrington-based Knight Debt Advisory, were principal advisors on the deal.

Director Max Ward said: “Alternative finance has been a high-growth and much-needed market post global financial crash. The work Creative Capital do in supporting SME business owners is something we are proud to help. We thank Conister Bank for working with us to facilitate a commercial structure that will enable the Creative Capital business to continue to grow its support for SMEs.”

Legal advice was provided by Alex Chapman of Liverpool-based Bermans, a full-service commercial law firm for the SME sector that specialises in asset and invoice finance.