Caple, an alternative credit specialist and BTG Advisory are partnering to help SMEs obtain unsecured lending. According to the article, the loans Caple facilitates are part of BNP Paribas Asset Management’s SME Alternative Financing direct lending platform. BNP Paribas is a SME Finance Forum member.

SMEs will benefit from unsecured debt finance of between £500,000 and £5 million and requires no collateral or personal guarantees as security.

BTG Advisory will assess eligibility for clients along with business strategies and financial projections. 

“In an asset-light economy such as the UK, this creates a barrier to growth and may push businesses to issue equity instead of raising debt,” said Dominic Buch, co-founder and managing partner of Caple. “By complementing traditional bank lending, Caple is able to support a blend of funding that delivers stable and long-term financing to support SME growth.