Swoop Launches Funding Platform for Financial Advisors and Accountants

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      The UK has a hugely active alternative lending and equity investment market with over a thousand providers on offer, but 50% of SMEs only contact 1 funding provider when looking for funding – most small businesses are not discovering or comparing the best sources of finance out there for them. And the reason for this, has often come down to the time it takes to do so.

      So, Swoop has launched an intuitive funding system that allows you to not only match your clients’ businesses with funding solutions who can provide the finance they need, but also with those who have a proven track record funding similar sized businesses within their sector.

      By enabling you to use Swoop, your clients will benefit from dealing with funding providers who understand your client’s sector and have deep experience in providing capital solutions to businesses just like your clients.

      Swoop works with hundreds of funding providers across debt and equity to provide your clients with comparative funding solutions in minutes. We know how painful and time-consuming accessing financing can be for SMEs, so with Swoop you can easily support your clients with the process. Use your Swoop dashboard to keep track of your clients funding progress as well as getting regular updates from the Swoop team every time the next step of their application has been completed.

      Which of my clients are a good fit for Swoop?

      On the debt side of our business we are very comfortable raising debt between £25,000 to £2,000,000 with the average deal size around £250,000 but our lenders’ funding solutions range from a minimum of £10,000 to a maximum of £30m. On equity our average ticket size is £800,000 and have funding partners ranging from £100,000 – £50m.

      Clients with the following are a great fit for Swoop funding solutions:

      • Where the enquiry is the first time to market Large amounts of receivables Capital-intensive assets
      • Card tills and Point-of-Sale systems
      • Large Purchase Orders
      • Working capital issues
      • Property purchases or refinancing
      • IP financing
      • Financing for tooling

      How it works?

      1. Input your client’s name – we will pull their top line information from companies house
      2. Input your client’s accountancy package – we integrate with all major accountancy packages
      3. Fill in one simple funding form with your client’s funding needs – takes about 2 minutes
      4. Our software will match all suitable products and will suggest the most relevant solutions across loans, equity and grants
      5. A typical loan takes 5 days to be approved
      6. Equity deals take much longer and average around 3 months to complete

      Getting Started with Swoop

      It’s very easy to get started as a partner of Swoop. Signing up takes less than 5 minutes Click here to begin

      We have a live chat function on Swoop, so you can discuss in real-time with our team any questions you have.

      Or just pick up the phone, and one of our team will be happy to help.

      Swoop Funding Process

      You Refer The Client to Swoop:

      1. Swoop qualify the enquiry
      2. Swoop submit and manage the deal
      3. You and your client track the progress

      You Control The Funding Search:

      1. You list client’s enquiry
      2. You pick the lenders or equity funds
      3. You are the point person for the funding providers

      Managing your clients through Swoop

      Once you have created your advisor account on Swoop, you will be taken to your Swoop Dashboard where you will be able to onboard and manage your clients funding needs.

      Each client will have their own Swoop Dashboard where you can review their performance and financial metrics across turnover, profitability, assets, debt service coverage ratio, liquidity ratio.

      Swoop integrates with companies house and every major accountancy package, so you will be able to on board every client within a few minutes and pull all their essential financial data into one dashboard.

      From the dashboard, you will be able to run funding searches across loans, equity and grants.

      Once you see a funding solution that is a good fit for your client, you can submit it for a review with Swoop where we will qualify the deal. If the deal is qualified, we will take it forward to our funding provider for your client and manage the deal for you. Once the deal has been approved you will then receive 10% for any fees we receive from the deal.

      What funding types does Swoop support?

      • Asset Finance
      • Invoice Finance
      • Trade Finance
      • IP Finance
      • Merchant Cash Advance
      • Working Capital Finance
      • Property Finance
      • Startup Loans
      • R&D Tax Credits
      • SEIS/EIS/VCT Investment
      • Venture Capital Investment
      • Family Office Investment
      • Angel Investment
      • Tier 1 Investment
      • Grant Applications

      To start managing your clients’ funding solutions through Swoop, sign up here or if you would like further information about the platform you can get in touch here.

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