GDP Capital, a local Belfast based lending platform, is pleased to confirm that they are providing working capital and much needed funding to a range of SMEs across a number of sectors throughout Northern Ireland.
Part of GDP Partnership, GDP Capital is a privately owned investment platform which has been successful in attracting a suite of lenders over the past number of months to lend to the business community in Northern Ireland.
Following on from the company assisting in the major refinancing of a property portfolio late last year, which involved capital investment of over £100 million, more deals have followed. These recent projects have included the lending of over £3.5 million in the last three months to assist six local companies. The monies were drawn down for the following purposes, the development of a wind farm; the refinancing of a property portfolio; the acquisition of business premises; a bridging loan to purchase a development site and the need for additional working capital.
Founding Partner James Gibbons, GDP Capital, advises; “GDP Capital was set up to introduce new capital partners into the Northern Ireland market place to assist borrowers and SMEs. Many of those that have engaged with us of late, have been able to secure the appropriate capital required enabling them to push on with their own business plans, which is great news for everyone. We are filling the void currently not funded by the Banks with Loan to Value lending as opposed to Loan to Cost.
“We have been surprised by the sheer volume of businesses that require assistance and are delighted that we are able to share in their success by securing capital. This shows that there is finance available. It also shows there is now a genuine appetite from the non institutional network to fill the funding void here.
“Given the lack of access to finance through mainstream banks, GDP Capital is ideally placed to provide financial assistance to businesses and individuals who are looking for alternative ways to secure funding. New and creative platforms are there to assist the borrower and refinance their positions.
“Our team are dedicated to working towards solutions for borrowers and we plan to grow to satisfy that demand immediately.”
GDP Capital is recognised and regulated by the Financial Conduct Authority. To discuss access to finance with GDP Capital please contact its office on 028 92 44 45 55.