Richard Coldwell said: “The Bank’s commitment will ensure that growth capital is channelled to high potential companies entering the next stage of their growth journey."
Electronic signatures are now available on deals with a maximum payout of £100,000.
Nick Smith argues that alternative lenders are stepping in to provide faster, more flexible funding for SMEs underserved by traditional banks.
Research by Asset Advantage found 25% of brokers said business mergers or funding to buy out a competitor were drivers for acquisition funding.
WeDo Business Finance has launched a new leadership structure and rebranded to reflect its focus on working capital funding for SMEs.