The Institute of Chartered Accountants in England and Wales (ICAEW) has partnered with finance platform Swoop so its members can access loans, equity and grants for small businesses they work with.
ICAEW members can use Swoop’s adviser funding portal to identify finance opportunities for their clients and access the funding from more than 1,000 providers quickly and securely via the platform.
Users will also be supported throughout the application process by a team of experienced financial professionals, including former underwriters, accountants and equity analysts.
“As an accountant I realised what a time consuming and admin-heavy burden fundraising for my clients was – for both the accountant and the client – so I’m delighted the tool I envisaged every accountant using is a reality and will be used to help businesses through these difficult times,” said Andrea Reynolds, chief executive of Swoop.
“Our members pride themselves on being responsive to client needs and this partnership with Swoop comes at a critical time,” said Amanda Digne-Malcolm, director of practice at ICAEW.
“The adviser funding portal will be a valuable resource for our members as we emerge from the pandemic, providing them with simple, secure and speedy access to tailored funding to ensure their clients are equipped financially to tackle the challenges ahead.
“The adviser funding portal is a benefit of ICAEW’s practitioner business advisers (PBA) community which members can join for free. The PBA community provides tools and resources for practice members to give advice to their business clients.”