DF Capital is designating £30m of inventory finance facilities for start-up and young businesses across its key industries in 2022. The new initiative will involve credit being made available for early-stage dealers and distributors in the motorcycle market and other sectors.
It is designed to provide support for entrepreneurship across the UK and provide the assistance that businesses may have otherwise struggled to secure through a traditional commercial loan.
Andy Stafferton, chief commercial officer at DF Capital, said: “We want to make sure that these businesses, particularly the early-stage ones, have the same access to the finance and support they need in order to grow and flourish.
“These businesses tend to face the biggest challenges –Â and more so during the last two years – because typically, they do not fit into banks’ traditional credit models. We believe that earmarking such a significant amount of funding will enable the next generation of entrepreneurs to unlock their dreams and help their businesses survive at such a crucial juncture in their lifecycle.”