Manchester-based online business information bureau Red Flag Alert LLP congratulates credit broker Funding Options Ltd on its recent receipt of £1.25 million of investment from GLI Finance Ltd, a Guernsey–based provider of finance to small and medium sized companies.
In return for its investment, GLI has taken a 28.9% stake in Funding Options, and has also received £750,000 worth of preference shares. GLI’s CEO, Geoff Miller, will join the board of directors at Funding Options.
Red Flag Alert works closely with Funding Options, and much of Red Flag Alert’s work involves dealing with accountants and lawyers who focus on helping small and medium sized companies. Funding Options therefore invites companies seeking finance to get in touch to discuss their requirements.
Funding Options makes use of the latest online technology to review the alternative finance market for funding options that are tailored to the client’s circumstances.
Funding Options has already secured tens of millions of pounds of finance for small and medium sized companies across the UK, and has so far referred clients to over 50 alternative lenders. Finance it has raised for companies has saved or created more than 100 jobs in the UK.
Funding Options hopes to become a ‘neutral platform’, and has made an application to HM Treasury to acquire this designation. Once it becomes a neutral platform, it will have companies referred to it who have been declined by their bank.
Geoff Miller, Chief Executive of GLI Finance, said: "Funding Options is a great business using sophisticated matchmaking technology alongside expert support and I am delighted to welcome them to the GLI family. Funding Options exemplifies how brokered alternative finance can be invaluable for small businesses trying to navigate an ever expanding range of financers, having referred UK SMEs to more than fifty alternative lenders in the past year."
Conrad Ford, Founder and Chief Executive of Funding Options, said: "We are excited to be partnering with GLI and Geoff's team. Our vision is to be a one-stop-shop for small businesses with financing needs, no matter how challenging, urgent or unusual. We look forward to working with the GLI family of investments, finding synergies and learning from their deep understanding of the alternative finance sector, both in the UK and globally."