RATESETTER has partnered with TaxAssist Accountants to boost its SME borrower network.
The accountancy firm, which provides advice to small businesses through 290 branches across the country, will refer businesses requiring working capital and growth finance to RateSetter’s business finance team.
The peer-to-peer lending platform said loan applications received will be processed and an answer will be given within 48 hours.
“TaxAssist Accountants is in a unique position to provide small businesses with the sound advice they need to establish their financial requirements and to navigate their way around the crowded business finance sector,” said Paul Marston, RateSetter’s head of commercial finance.
Read more: Most UK SMEs struggle to access finance
“The relationship they have with their clients is based on understanding and trust and we are looking forward to a long and fruitful partnership based on those values which we have in common.”
“By partnering with RateSetter Business Finance, we are delighted to be able to give our clients access to the necessary funds to help them grow their businesses,” said Phil Sullivan, group finance director at TaxAssist Accountants.
“Small business owners will be able to concentrate on the day to day running of their companies without having to spend valuable time looking for a finance provider when they want to fund their growth.”
The move comes a few days after RateSetter launched its new partnership with Facebook chatbot Plum, which will connect consumers with the investment platform based on their savings patterns.