Essex SME lending broker acquired by business utilities specialist

An Essex-based firm specialising in helping small to medium enterprises access finance has been acquired by ECI portfolio company Bionic.

Think Business Loans is the fourth acquisition by the firm - formerly known as Make It Cheaper - since 2017, in a bid to strengthen its B2B proposition.

Founded by Jamie and Ian Stewart, Think Business Loans specialises in a range of commercial funding solutions including commercial property, asset based, invoice finance, unsecured and short and medium-term funding.

Jamie Stewart, CEO at Think Business Loans, commented: “We are excited to partner with Bionic.

“Joining forces will enhance our product offering, helping our customers save even more, while at the same time Bionic will be able to provide our customers with more solutions to help them run their businesses more efficiently.”

Bionic CEO, Paul Galligan, added “At Bionic we are building the leading platform for businesses to lower their costs on all their business essentials. Whether it’s energy, broadband or insurance, switching is a proven way of lowering bills.

“By partnering with Think Business Loans, we can now offer our customers even more ways to save time and money.

“This is our fourth bolt-on since partnering with ECI and we look forward to expanding our offering as we continue to grow the business.”