Credit, Collections & Insolvency News
Business lenders White Oak and Spotcap have entered into a partnership to improve access to finance for UK businesses. White Oak UK’s offering includes asset finance, commercial mortgages and business finance, while Spotcap provides fully unsecured business loans, without the need for a personal guarantee.
With over 400 lenders operating in the UK market, yet most businesses are not aware of the range of financing options available to them .Keen to expand their offering, White Oak and Spotcap will now work on a referral basis when being contacted by businesses directly. That way, both lenders hope to support a larger number of companies with a wider range of needs.
Kevin Vendel, Head of Sales at Spotcap, said “UK businesses need access to the right funding to thrive. But with so many different solutions out there, that can be challenging. If one lender doesn’t have the right solution, why not establish a partnership with another one to compliment the offering?”
Commenting on the partnership, Chris Heeley, Credit Director at White Oak said “As the relationship with Spotcap progresses, I’m certain that we will continue to work together to maximise the opportunities and facilities available to further build on the foundations we have already laid in respect of supporting UK SMEs.”