Through its strategic partnership with SME debt finance platform, CODE Investing, BNP Paribas Asset Management (‘BNPP AM’) has completed an unsecured loan to Hampshire-based domiciliary care provider,Apex Prime Care.
As a key origination partner for BNPP AM’s SME Alternative Financing platform, CODE Investing provides UK SMEs with direct access to unsecured loans of between £500,000 and £5million.
This is the first loan that BNPP AM has originated through its strategic partnership with CODE, and will help Apex Prime Care to finance its ambitious growth strategy.
The eight year unsecured loan was completed within one month of Apex’s initial engagement with CODE Investing in December 2018. This is less than half the time typically taken for a similar loan arranged on the high street.
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Malcom Patrick, Managing Director of Apex Prime Care, comments:
“The team at CODE Investing went out of their way to quickly understand our company and, in view of the tight timescales, everyone involved made sure that they were available to work on our project as and when required.They made the whole process of applying for a business loan speedy and seamless.”
Chris Roberts, Head of Origination at CODE Investing, comments:
“It was a pleasure to support Apex Prime Care with the growth funding they required in a process that moved exceptionally quickly relative to traditional acquisition funding routes. Non-high street institutional lenders such as BNP Paribas Asset Management have brought a new level of speed and flexibility to SMEs looking for finance that simply didn’t exist before. We look forward to providing more businesses with unsecured loans in the future.”
Stéphane Blanchoz, Head of SME Alternative Financing atBNP Paribas Asset Management, comments:
“There has been a structural shift in the way that SMEs access financing and through the partnership with CODE Investing, our SME Alternative Financing platform is able to offer SMEs access to development capital that is less freely available from traditional sources. We are very pleased to have originated this loan with CODE Investing and look forward to completing further deals as the year progresses.”
About BNP Paribas Asset Management
BNP Paribas Asset Management is the investment management arm of BNP Paribas, one of the world’s major financial institutions. Managing EUR 416 billion in assets as at 30 September 2018*, BNP Paribas Asset Management offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With more than 500 investment professionals and more than 400 client servicing specialists, BNP Paribas Asset Management serves individual, corporate and institutional investors in 72 countries around the world. Since 2002, BNP Paribas Asset Management has been a major player in sustainable and responsible investing.
* Managing and advising EUR 557 billion of assets as at 30 September 2018
For more information, please visit bnpparibas-am.com, or follow us on
About Code Investing
CODE Investing is one of the UK’s leading alternative debt finance marketplaces for Small and Medium Enterprise (SME) business loans of between £500,000 to £20,000,000. CODE Investing’s platform qualifies and matches SMEs against the individual credit criteria of its institutional partners, enabling creditworthy businesses to access the capital they need in weeks rather than months. CODE Investing offers SMEs an efficient, cost effective, and transparent way to borrow through a variety of instruments, having facilitated £57 million in lending through its platform to date. CODE Investing is authorised and regulated by the Financial Conduct Authority (No. 627852). For more information, visit codeinvesting.com.
About Apex Prime Care
Apex Prime Care is a family-run organisation offering a broad range of domiciliary care services, including providing care workers to service users in their own homes, and to the care homes industry. Apex operates throughout Dorset, Hampshire, West Berkshire, Surrey, Kent and East Sussex, promoting health in the broadest sense. Apex aims to foster an atmosphere of care and support, enabling service users to live as full, interesting and independent a lifestyle as possible. For more information, visit apexprimecare.org.