Alternative finance provider GC Business Finance (GCBF) has reached a significant milestone by delivering £125 million to nearly 10,000 start-ups across the UK in the last financial year.
This achievement has played a crucial role in helping these businesses start, grow, and thrive in a competitive market.
A Decade of Supporting Start-Ups
Founded in 2012, the Start Up Loans programme has been instrumental in providing financial support to new and early-stage businesses across the UK. Entrepreneurs can access personal loans for business use, ranging from £500 to £25,000, along with wraparound support and guidance.
Expanding Nationally
GC Business Finance began as a Business Support Partner for the North West. Over the years, it has provided 68,458 Start Up Loans amounting to £678 million. Remarkably, 40% of these businesses are female-founded, and 21% are ethnic-minority founded.
Securing a National Contract
Consequently, GCBF’s annual output increased fourfold, highlighting the growing demand for its services.
Success Stories
Similarly, VegVan used its £25,000 loan to purchase a food van and expand its operations.
Voices of Authority
He emphasised the programme’s role in creating a stronger and more diverse economy.
Support from the British Business Bank
She highlighted the importance of the Start Up Loans programme in driving small business growth and prosperity nationally.
Looking Ahead
The organisation continues to provide financial support and guidance to help these businesses thrive.
GC Business Finance’s £125 million milestone marks a significant achievement in supporting UK start-ups.
With continued support and funding, more new businesses will have the opportunity to succeed and contribute to a diverse and robust economy.
