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ThinCats Business Finance


Last Updated:
Reviewed By: Ian Wright (Managing Director)

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 not many reviews available but they tend to be positive with 67% of  Trustpilot reviewers rating them as 5/5 due to good customer service and are easy to deal with. Negative reviews come from investors that have had bad experiences in not getting the returns they expected.

There was no reviews on Google or Reviews.co.uk.

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 – 4.4/5 (based on 33 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Smart Money People – 4/5 (based on 1 review)

Pros

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

Cons

  • Larger amounts only. This won’t work for smaller businesses.
  • Only a small number of online reviews.

Website: ThinCats Business Finance

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