CNG Energy launches third partnership in three months as it continues to expand its offering beyond energy supply for SMEs
Yorkshire based commercial supplier CNG Energy has created its third partnership in three months as it teams up with Capify to go beyond energy supply and offer its customers access to simple finance solutions.
SMEs are the lifeblood of the UK economy, and it has been an extremely difficult year for many. However, for others it has been a chance to adapt and innovate and there is now an ever growing number of SMEs seeking further opportunities to expand their offering.
Capify is an established provider of finance to small and medium sized businesses, allowing customers access to quick and easy finance solutions to help their businesses flourish.
The partnership will allow CNG customers to apply for business finance, with funding available as fast as 24 hours. Small regular repayment amounts are set up automatically to help business owners better manage cashflow.
Ellis Hall, Head of Partners at CNG said:
CNG is transforming. Our customer base is predominantly SMEs and we recognise that they are essential to keeping the UK moving forward. By working with different partners we are able to expand our offering for SMEs beyond energy supply.
2020 has been a challenging year and we have seen a shift in businesses and industries, but while we can’t ignore the fact many have struggled, there have been others that have thrived. The partnership with Capify will allow our customers access to quick and easy funding in order to help with further growth, enabling them to expand their offering for customers or to take their business to the next step. It will also provide an opportunity for other SMEs, whose industries have struggled throughout the pandemic to adapt and adjust should they need to.
John Rozenbroek, COO from Capify, said:
We are thrilled to have partnered with CNG in order to offer their customers a simple finance solution. At Capify, we’re passionate about helping business owners from many industries across the UK to achieve their dreams.
It’s crucial at this time that small businesses are aware of alternative funding solutions to support cash flow or invest in their future.
Throughout the Covid-19 pandemic, Capify has remained open for business and are one of the few online SME lenders that have actively supported small businesses with unsecured lending via our business loan and merchant cash advance products.
We know business owners are busy, so we’ve made sure the whole process is hassle-free. The application form is quick and easy to complete, and we don’t need to see a business plan at any point in the process, and once approved, funds can be made available within as little as 24 hours.
Whether they have exciting and ambitious growth plans, or want to maintain existing success, from owning a single restaurant to opening a chain, buying and extending business premises and expanding product offerings, our funding options have helped businesses thrive.