Tim Basford

New SME debt finance platform for commercial brokers launches

Code Investing has launched an SME debt finance platform for commercial finance brokers and intermediaries.

The alternative debt finance marketplace’s broker portal will provide instant indicative decisions on loans between £500,000 and £5m.

It will also present lenders with applications that match their exact credit policies and eligibility criteria.

A single point of contact for brokers — who are looking to secure loans from a range of lenders which are actively providing finance to SME businesses — is also established via the portal.

Intermediaries will be able to immediately see if their clients’ needs are a good fit for the policies and criteria of a panel of lenders.

“Our new broker portal is unique for finance up to £5m in that it provides brokers and intermediaries with easy access to a panel of lenders and instant decisions on whether or not their clients would be eligible for a loan,” said Tim Basford, COO at Code Investing.

David Totney, managing director at Liquidity Club, added: “Code Investing’s new broker portal doesn’t just deliver instant indicative decisions, it also fills a critical gap in the market.”

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