Funding Options partners with Starling Bank to aid small business development

Business finance marketplace, Funding Options will soon be part of Starling Bank’s in-app marketplace for small businesses.

Funding Options helps small businesses source alternative funding options from £1,000 up to £10m.

The partnership with Starling Bank, a mobile-only bank, will mean small business customers will be able to access funding from their smartphone, free of charge.

Funding Options works with over 50 lenders to help small businesses access alternative forms of finance.

Ryan Edwards-Pritchard, managing director at Funding Options, said: “Every year millions of small businesses find themselves unable to access funding from the mainstream lenders.

“With small businesses playing such an important role in the economy, we need to have somewhere for these firms to turn to and that is why we exist.

“Our mission is to help small businesses, like your local bike shop or your independent hairdresser, to walk tall.

“This partnership with Starling will help us support thousands more businesses to achieve their goals, whether they’re looking to grow or just wanting to get back in the black.”

Megan Caywood, Chief Platform Officer, Starling Bank, added: “Small businesses have always been the backbone of the UK economy, but too often hit a wall with the big banks.

“We want to change this, and partnerships with businesses like Funding Options are another big step in helping small businesses manage their finances.”