Performance Finance receives £15m funding facility

Performance Finance received a £15m facility from British Business Investments to provide funding for smaller businesses looking to acquire business-critical assets to accelerate their growth.

During 2023, Performance Finance provided business loans, personal loans and asset finance totalling £55m to a range of professionals including opticians, dentists, solicitors, vets and surgeons.

British Business Investments, a commercial subsidiary of the British Business Bank, has committed more than £3.8bn to providers of finance to UK smaller businesses since its inception in 2014.

Stuart Burn, managing director of Performance Finance said: ‘I am absolutely delighted British Business Investments has supported Performance Finance with a £15m block discounting facility.