Performance Finance Limited has received a £15 million facility from the British Business Bank.
Performance Finance will use the funds to support to smaller businesses to accelerate their growth.
Performance Finance provides financing for professionals like opticians, dentists, solicitors, vets, and surgeons. This includes business loans, personal loans, and asset finance.
Performance Finance’s direct lending facility has grown from financing just over £380k in 2005 to £55 million during 2023.
This £15 million facility to Performance Finance Limited supports British Business Investments’ mission to improve access to alternative finance for smaller businesses across the whole of the UK,” said Adam Kelly, Managing Director, British Business Investments. He added that independent operators help diversify the financing market providing more options for smaller firms.
