Here at Mettle, we believe that our customers should have a choice when it comes to lending because every business is different and has different lending needs. Some are looking for flexible, short-term cash flow solutions whilst others might be looking to invest in a bit of kit to help them grow their business. By partnering with Funding Xchange, we’ve given our customers the chance to compare lending options for their business needs.
In this Beta launch, we’re rolling out the Funding Xchange partnership to a few of our Limited Companies to kick the tyres and test it out before we roll it out to all Mettle customers later this year.
Who is Funding Xchange?
Funding Xchange is a lending marketplace that gives you options from 45 lenders, including unsecured and secured loans.
Why are we partnering with Funding Xchange?
Partnering with Funding Xchange gives us the opportunity to give our customers access to a range of providers on the market from a single service straight from the Mettle app.
Through the partnership, you could also compare a range of NatWest lending options. If your business is eligible for these offers they will be shown on ‘Your Offers’ page on Funding Xchange’s website, alongside other eligible lenders from across the market.
Who can access the partnership?
At the moment we are piloting the partnership with limited companies only. If you’d like to access this feature, please let us know by contacting Support in the Mettle app.
Debt vs equity:
For some businesses, the answer to funding will be debt whilst for others, it might be a mix of debt and equity investment or something completely different altogether.
If you’re just getting your business off the ground, you may benefit from;
Start Up Loans
being part of an Accelerator programme
government incentive or grant
angel investment
Crowdfunding
Making these tough funding decisions often depends on the nature of your business, your ambitions and your business’ growth stage. Sometimes, businesses find the benefit of equity funding means they can access skills, guidance and coaching to help drive their business forward, which they see as a critical advantage.
If you’re not sure what the right funding mix is for you and your business, or you’d just like some more information read more over on Funding Xchange’s blog.
How to apply
Go to the Account screen in your Mettle app
Tap ‘Apply for a business loan’
Follow the in-app instructions
You’ll be redirected to Funding Xchange’s website to finish the application
