Advantedge Commercial Finance celebrates two decades of funding SMEs
Advantedge Commercial Finance (Advantedge), a leading invoice financier are celebrating 20 years of delivering funding solutions to UK businesses. As a non-bank funder, it is quite an achievement to have carved out a strong position in the market and to be continuing an impressive growth trajectory.
Throughout that time Advantedge have undergone many changes having implemented a successful MBO in 2016, a rebrand in 2019 and at the end of 2020 saw eCapital Corp, a leading North American provider of speciality lending solutions take a majority share in the business. Advantedge are proud to have maintained their pace of development over that time notching up some key achievements:
- 1013 active clients
- £125m of committed funds supporting UK business growth
- an average client life of 3 years and
- 130 employees across five UK offices
The firm also recently hit a significant funding milestone of £100m with levels now more than £130m as they satisfy an increasing demand for finance from firms navigating their recovery from the Pandemic.
As David Tilling comments: “Looking around the business, you can see and feel how proud the team are at achieving these significant milestones and at how far we have come. Coming off the back of the last two years makes it even more special. We are very much a people business, and our successes have been built upon delivering an authentic service to our clients and intermediaries and building deep working relationships. We truly understand what it is takes to run a business and to be a trusted partner by their side”.
The firm’s strategy throughout the last two decades has always been to deliver reliable and committed funding lines supported by excellent service. They believe that their experience, expertise and understanding of what makes a business tick means they deliver funding solutions that matches their clients’ ambitions. Advantedge are committed to delivering regionally based operations which understand local businesses and their markets. They have invested significantly in a network of five regional client centres across the UK, which sets them apart and has strengthened their UK presence.
The firm puts its continuing growth down to their real commercial perspective, access to large funding pools and a commitment to delivering a market leading service which they believe make them an ideal funding partner. With funding facilities available up to £2.5m Advantedge are looking forward to supporting UK firms as they get firmly back on their feet.
As David concludes: “As the business looks forward, we are excited about what the next 20 years will bring whilst knowing the importance of not losing sight of what has got us here in the first place. We will remain committed to responding to our clients’ evolving needs, whilst continuing to innovate in the solutions we offer. Investing in our team will continue to ensure we deliver a market leading service based on speed, a straightforward approach to doing business and delivering value for money. In doing so we will achieve our aim to build a great company with great people focussed on serving as many SME’s as we can reach. Our plans are exciting, and we can’t wait to bring them to life”.