Our lending criteria
We lend £1m to £25m to UK businesses with at least £1m of EBITDA and two years of profitable trading, at up to 4x EBITDA, for up to 5 years.
Criteria
Our criteria
| Criterion | Our appetite |
|---|---|
| Facility size | £1m to £25m |
| EBITDA | £1m or more |
| Leverage | Up to 4x EBITDA |
| Location | UK businesses, in every region |
| Trading record | 2 years of profitable trading |
| Facility types | Term loans, committed facilities, revolving credit |
| Term | Up to 5 years |
What we fund
What the funding is for
| Purpose | Typical situations |
|---|---|
| Organic growth | New sites, new capacity, a larger team, working capital for headroom to grow |
| Acquisitions | A first acquisition, bolt-ons, a buy-and-build plan backed by a committed warchest |
| Ownership change | MBOs, secondary buyouts, founder exits, shareholder buyouts, cash-outs |
| Refinancing | Replacing a facility that no longer fits, consolidating debt, resetting the structure for the next phase of growth |
What we don't fund
We don't lend to start-ups, pre-profit businesses or businesses based outside the UK. We also don't fund property development or early-stage ventures.
Questions
Questions about our criteria
How much can I borrow?
Between £1m and £25m, at up to 4x EBITDA.
What's the minimum EBITDA?
£1m.
Do you lend outside the UK?
No. We lend to UK domiciled businesses, in every region. UK businesses with international operations are fine.
What don't you fund?
Start-ups, pre-profit businesses, property development, early-stage ventures, and businesses based outside the UK.
Think a deal fits?
Send us the headline numbers and the timetable. You'll hear back quickly, and if it's one for us, you'll have indicative terms in days.