As many female entrepreneurs find it moredifficult to access finance than their male counterparts, Boost Capital’s targeted strategy will enable the business finance provider to further develop its hands-on client relationships with the growing number of female entrepreneurs.
The fund will support businesses in a variety of sectors, including hospitality, salon and spa, restaurant and pub, garage, dental and independent retailers and provide an affordable alternative to bank lending.
David Abbott, managing director of Boost Capital, said: “The UK has a thriving community of female entrepreneurs, but many struggle to secure the suitably-priced funding theyneed to take their business to the next stage. We will work closely with our clients and their advisers in multiple sectors to raise awareness throughout these industries that there are other lending options out there.
“By establishing this fund, we have a great opportunity to make a real difference to the growing number of female entrepreneurs with capital injections that can be used for any business expense, from renovations to acquisitions.”
Boost Capital enables businesses to use future sales to access the funding that they may need to invest in new equipment, stock, marketing, staff or expansion.
Business owners who have been established for at least nine months can qualify for £5,000 to £500,000 in 24 hours and canreceive funds in five to ten days.
