Assetz Capital, a specialist SME finance platform, has formed a new funding relationship with Aeon Investments, a London based credit-focused investment company.
Over the next three years, Aeon Investments will inject an initial £200 million of investment into SME loans arranged by Assetz Capital, enabling the business to provide commercial mortgages of up to £10 million on commercial investment properties. This enables Assetz Capital to further diversify its commercial mortgage lending and expand its capacity to lend across the broadest range of commercial properties used by UK SMEs.
The new funding comes at a critical time for SMEs, which are disproportionately impacted by rising costs of materials, cost of inflation, increasing wages and a shortage of skilled staff. There is an increasing requirement for new funding as banks are visibly pulling back funding for SMEs. Assetz Capital and Aeon Investments share in an ambition to meet this need and support viable SMEs through specialist financing solutions.
