A new business funded every other day shows there is money out there for businesses
Industry News13th November 20170 CommentsLizzy Doherty
Sedulo Funding Solutions has celebrated its 150th deal. The company, which was set up one year ago, has averaged a deal every other day since it’s inception.
SFS works with lenders from the national banks to boutique private offices across the country to supply debt funding via secured loans, overdrafts and asset funding.
The funding has ranged from £10,000 to facilities of 10m and is typically for small and medium sized businesses across the country.
Leyton Jeffs who founded the concept was formerly of RBSIF, Aldermore Capital and Boost Capital.
He said, “It has been a hugely successful start for the business, initially it tapped into the Sedulo Group’s existing client base and has been a great bolt on service to the group offering.
It also generates revenue on its own and as a result the clients of SFS have become accountancy or corporate finance clients within the group.
There is a lot of money out there for businesses from a debt and financing perspective and we work with hundreds of niche debt providers which means almost always we have someone willing to lend to almost any scenario.”
Founder of the group, Paul Cheetham-Karcz, added: “We are delighted we have added on this service and of late also added Leyton to the board of directors of the group of companies.
“It has been so successful and has provided some of our growing businesses with the funding to facilitate that growth. It has also been able to step in for some clients that have been in a stocky situation and offered a resolution to a financing problem.“