The SME Asset Finance Offering For Print Service Providers From Compass Business Finance Increases To £30 Million
British Business Investments, a commercial subsidiary of the British Business Bank, today announces an additional £15m commitment to Compass Business Finance, taking their total commitment to £30m.
This additional investment will further increase the flow of funding for asset finance products into UK-based smaller businesses operating in the digital print, packaging and manufacturing sectors.
It will also provide this specialist lender with additional funding for smaller and medium-sized businesses requiring business critical equipment finance over the next three to five years and contribute to Compass Business Finance’s own growth trajectory whilst supporting underserved businesses as they recover from the Covid-19 pandemic.
Judith Hartley, CEO, British Business Investments, said: “British Business Investments continues to support independent operators in the asset finance sector. This increased commitment to Compass Business Finance Ltd helps to diversify the finance market and provide more choice for companies across the UK. We are happy to continue working with Compass Business Finance Ltd over the next five years, to help those UK companies get the finance they need.”
Mark Nelson, Director, Compass Business Finance, said: “The increased commitment from British Business Investments will enable us to further support the demand for funding across our core markets. It is encouraging to see businesses seeking finance for investment and growth, and to continue our provision of funding support in a simple and straight-forward manner.”
About Compass Business Finance
Compass is an independent finance company with an innovative and relational approach to the market.
Established in 2005, we help businesses navigate the financial landscape, providing flexible and competitive funding solutions enabling their long-term success.
We’re passionate about the success of your business. Having worked with numerous smaller businesses, we know that your time is finite, so we make the process as easy and straight-forward as possible by removing all unnecessary complexities.
We’re with you every step of the way, to support you and ensure you have complete peace of mind.
We take a relational rather than transactional approach to doing business, valuing our team, our customers and our partners, so that we can provide you with the best possible products, service and experience now and into the future.
