A new business funding matching tool looking helping businesses in Herefordshire and Worcestershire access finance has been released today with the Herefordshire & Worcestershire Chamber of Commerce.
Many businesses are struggling to access the finance they need, so the Chamber of Commerce is using financial technology to provide access to government and non-government funding options via a new partnership with Swoop Funding, supported by the British Chambers of Commerce.
The new Chamber Finance Finder will allow member businesses access to all funding options across loans, equity and grants – simplifying and speeding up the application process for them.
Sharon Smith, CEO at the Herefordshire & Worcestershire Chamber of Commerce, said: “With cash flow a key concern for many businesses in the two counties, it’s essential firms can access the support they need. By ensuring all firms have fast and simple access to finance we can safeguard the businesses that have built our community. We’re delighted to be offering the Chamber Finance Finder to make this happen”.
With the latest figures from Swoop showing fewer than 50 per cent of businesses are accessing the loans needed, this new tool, powered by one of UK fintech, Swoop Funding, matches businesses with funding from more than 1,000 providers.
Adam Marshall, Director General of the British Chambers of Commerce, said: “Business communities are facing unprecedented challenges, and access to finance remains a pressing issue for so many firms. The Chamber Finance Finder will help companies the length and breadth of the UK find finance options that will help them restart, rebuild and renew their operations. We’re delighted to support the Herefordshire & Worcestershire Chamber of Commerce in launching this initiative.”