Member Article

Six-figure deal bolsters growth plans for award-winning TECHGIANT Workplace

Specialist SME lender, One Stop Business Finance has successfully funded a thriving Information technology consultancy firm with a six-figure business loan.

TECHGIANT Workplace provides enterprise organisations with recommendations for future business technology procurement, opening valuable opportunities for long-term sustainability.

Proving to be a disruptive new force across the industry, their value proposition lies in the construction of large, global-base credible supplier relationships with hundreds of the ‘best of breed’ providers.

The Working Capital Loan has springboarded expansion plans for the West Sussex-based firm, who will utilise the cash injection to fund vital marketing activities to sustain long-term business growth.

The agreement with One Stop Business Finance spans a duration of 12 months and was structured with a loan-to-gross-development value of 68%.

Liam Killen, Business Development Manager covering the Greater Manchester area commented on the deal:

“We are delighted to support TECHGIANT Workplace and provide vital funding for their extensive growth plans.

This collaboration highlights OSBF’s commitment to supporting SMEs across the country with responsible short-term lending facilities for long-term growth. In particular, I am proud that I am able to support Ian, whose roots are from the North-West.

We look forward to witnessing the successful expansion of the consultancy firm and the solutions they can provide to businesses across the globe.“

An approval of their rapid growth, TECHGIANT Workplace was recognised by elitebusiness in their top 100 SME businesses in 2023, after just four months of trading.

Ian Taylor, Managing Director of TECHGIANT commented on the news:

“This cash injection has allowed TECHGIANT to implement our nationwide marketing strategy to help drive a greater awareness around our unique value proposition for enterprise customers, helping them guarantee future buyer certainty across their upcoming IT procurement plans for any telephony, contact centre, next generation connectivity, service management or cybersecurity areas of transformation.

The funding has allowed us to rapidly achieve significant industry recognition in our first 10 months of trading, becoming a top 100 performing SME of 2023 with Vodafone Business and The British Business Bank, followed by a Great British Entrepreneurial award (top 6 national), and finally a High Impact Best Newcomer of 2023 via the global communications powerhouse, Telarus.

The professionalism with which One Stop Business Finance conducted their due diligence was such a good experience all round, guiding and advising our business at each stage on the best options for us. We are very pleased to have them as our funding partners going forward.“

Established in 2014, One Stop Business Finance has extensive experience supporting businesses across England and Wales with alternative funding solutions. Their ‘people first’ approach ensures that clients are taken through a process to identify the most suitable, cost-effective products; ensuring that responsible lending is at the heart of every deal.

The Group provides secured, flexible loans from £50,000 to £2.5million.

This was posted in Bdaily's Members' News section by Anne Taylor .