UK specialist business lender Boost Capital has secured a £15m credit line from US investment firm Atalaya Capital Management.
The company aims to provide SMEs with unsecured loans of between £3,000 and £500,000 in as little as two days.
Chelmsford, Essex-based Boost Capital says it has funded businesses across 400-plus industries with more than £750m loaned.
The new financing will be used to enable the online lender to continue to support UK SMEs.
Boost Capital is the UK arm of business financing platform BFS Capital which has served the US and Canadian markets since 2002.
BFS Capital secured a $165m credit line in an amended and restated loan and security agreement with Wells Fargo Capital Finance as administrative agent in February 2016.
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