Specialist City-based SME finance house Rocking Horse has today announced a new multi-million pound funding line for its innovative Research & Development (R&D) finance product.

Providing fast access to the value of R&D tax credits, Rocking Horse works with SMEs to boost their cash flow, allowing them to continue their research and development.

The new funding line today agreed with Shawbrook, well known for working with the non-bank speciality finance market, means that Rocking Horse can expand their services to even more SMEs looking for alternative finance.

Often excluded from the mainstream sources of funding, SMEs can find themselves with a funding gap, waiting for months to receive the value of their R&D tax credits, a gap that Rocking Horse is determined to fill.

Speaking today, Rocking Horse director Toby Walker said “Cash flow is the lifeblood of SMEs and so we are delighted to be able to help even more companies to fuel their development and realise their ambitions”

Karan Burman, Senior Director, Speciality Finance at Shawbrook added: “In today’s competitive marketplace Research and Development can play a vital role for SMEs as they seek to evolve their services to meet customer demand.

“Having met Toby and his team, our Speciality Finance team took the time to understand the client’s objectives and structured a revolving credit facility which will enable Rocking Horse – an established specialist lender in the R&D arena – to support more SMEs with their growth plans.”

Rocking Horse’s highly original lending product provides SME’s with advance access to their cash with no monthly capital repayments and a competitive interest rate. The balance is then settled when funding comes through.


CONTACT US

UK:
Toby Walker
+44(0)7804132386
toby@rockinghorsegroup.co.uk

UK:
James Davis
+44(0)7379393627
james@rockinghorsegroup.co.uk

Australia:
Giles Karhan
+61(0)411622414
giles@rockinghorsegroup.com.au