Partner Article

British Business Bank EFG Announcment

James Sherwin-Smith, CEO of Growth Street, comments on the British Business Bank’s decision to open up the Enterprise Finance Guarantee (EFG) programme to new lenders:

“As an alternative overdraft provider to SMEs, Growth Street is delighted that the British Business Bank is opening up the EFG scheme to new lenders, and is placing revolving credit facilities (including overdrafts and invoice financing) firmly within their scope.”

“With overdraft lending to SMEs down 50% in less than 4 years, we look forward to working with the British Business Bank to ensure more SMEs can access the fairly-priced, short term working capital essential for growth.”

Please let us know if you would be interested in speaking to James for further comment and analysis.

*ENDS*

For more information please contact:

E: growthstreet@lansons.com

T: 0207 294 3601

James is CEO of Growth Street, an alternative finance platform for SMEs based in the UK.

Growth Street is a better way to finance and grow your business. Growth Street operates an alternative finance platform for SMEs that offers borrowers better finance terms on business overdrafts and delivers a superior risk-adjusted return for lenders – a true B2B offering!

Our first product is a revolving credit facility – an overdraft alternative. Once opened, SMEs can borrow and repay at will, and only pay interest on what they borrow, when they borrow. We charge a single annual fee, and are always open and transparent about what we charge customers, and why.

James Sherwin-Smith is an engineer by education, a consultant by experience, and at heart a frustrated entrepreneur.

Whether working in a big corporate, a SME or brand new startup, James is passionate about the positive, disruptive impact technology can have on our world. James’ past employers include MasterCard and Oliver Wyman and his startup experience includes time at Hitmatic, ActiveMedia Technology and d4. James is an active angel investor and advises other small businesses in his spare time, including Fidel, a mobile loyalty app, and Ethos Foods, a meat-free restaurant.

This was posted in Bdaily's Members' News section by Emma Oakes .