-- Industry leader celebrates 5-year anniversary as leading merchant cash advance provider and one of the fastest growing financial services companies for SMEs in the UK
MANCHESTER, England, Aug. 14, 2013 /PRNewswire/ -- United Kapital, the leading provider of Merchant Cash Advance solutions for small and medium-sized business enterprises in the United Kingdom (UK), today announced a new £30 million credit line, which will allow the company to provide even more capital to small and medium-sized business enterprises (SME) nationwide through its Merchant Cash Advance programme. The new credit line is the latest milestone achieved by United Kapital as the company celebrates its five-year anniversary.
A Merchant Cash Advance is available to business' that accepts payments by debit or credit cards from their customers, enabling business owners to leverage these future card transactions to raise much needed working capital to invest in their business. The new line of credit is also proof that the marketplace has confirmed United Kapital's business model and the company as a leading Merchant Cash Advance provider.
Other noteworthy milestones achieved over the past five years include:
- Sustained growth since inception - more than 100 percent year over year growth.
- In 2011, the company moved to larger office facilities to accommodate a significant increase in staff driven by demand for the Merchant Cash Advance product. Today the company has grown to include more than 35 full-time sales staff, and another office move is imminent to accommodate additional employee growth in the coming months.
- A new website is also being launched within the next two months. The new website will enable business owners to apply online for a Merchant Cash Advance, using a simple online application. This new offering will speed up the ability for businesses to access funds within days.
Founded in 2008, United Kapital was one of the first companies in the UK to market Merchant Cash Advances and educate the SME industry on the concept as an alternative to traditional bank loans. By the end of 2009, United Kapital had built a team of experienced sales, marketing and customer support professionals to deal with the increasing demand for their Merchant Cash Advance product. Today, United Kapital is the largest provider in the UK and one of the fastest growing financial services companies dedicated to supporting SME business across the length and breadth of the UK.
"The United Kapital brand has been built on customer testimonials, which speaks volumes in terms of how well it works for the business owners and how it works perfectly alongside their business activities and cash flow fluctuations," said Managing Director, Tony Pegg. "Over the years we have built up and continued to grow a solid base of customers who we continually help with raising working capital for their business needs. We look forward to continued growth in our business and staff, and accelerating our already increasing support of the SME community, which is truly under served by the more traditional business lending institutions."
About United Kapital
United Kapital is a national pioneering financial service business aimed at SMEs and independent retailers in the United Kingdom. The company's Merchant Cash Advance for business programme provides access to finance for expansion and business development. Founded in 2008, United Kapital is now the leading provider of Merchant Cash Advances in the United Kingdom. For more information, please visit www.unitedkapital.co.uk.
SOURCE United Kapital