BusinessFinancing.co.uk

Compare Business Bank Accounts & Loans

ThinCats Business Finance

ThinCats is a business loan provider specialising in sourcing finance for mid-sized SMEs keen to grow and develop. ThinCats connects investors with larger small businesses looking to raise £1 million+. Based in Leicestershire and London, ThinCats provides business finance for specific purposes including working capital, acquisitions and mergers, restructuring, and equipment or property purchase.

ThinCats Business Finance

Business finance

ThinCats is a finance broker and connects corporate SMEs to large investors that have put money into the alternative finance platform. Rather than applying directly, SMEs borrow from ThinCats through an intermediary like their accountant.

Loans from £1 million to £15 million are available to limited companies with 2 years of profitable trading behind them. Loan terms and sizes depend on the individual business and what’s available to them. Loans are secured with a 1st ranking debenture. Fees also apply, including an arrangement fee, an introducer/partner fee, and potentially some legal fees. There’s also an ongoing platform fee of up to 2%. Repayments are monthly or quarterly and can be structured to accommodate your business’ cash flow.

ThinCats Reviews and Ratings

There are no reviews on Trustpilot, Google, Reviews.co.uk or Smart Money People.

ThinCats came highly commended for Innovation in the SME Finance Sector at the Business Moneyfacts Awards 2017.

ThinCats was added to the British Business Bank’s panel of lenders for the Coronavirus Business Interruption Loan Scheme (CBILS). The lender has continued to provide loan facilities to British SMEs during this time, including £4 million for a Surrey-based care provider.

Trustpilot – no reviews
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – no reviews

Pros

  • Finance designed specifically for larger SMEs.
  • Flexible bespoke products.

Cons

  • Larger amounts only. This won’t work for smaller businesses.
  • No online reviews.

Website: ThinCats Business Finance

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.