The Funding Store, a business portal that matches businesses needing financing to the most appropriate funders and advisors, is now open for business in Canada. Behind the easy-to-navigate web pages, a search engine quickly filters requests for financing, enabling the businesses to locate sources of funds or funding advisers in just a few mouse clicks. FundingStore.com helps everyone in the funding process (owners, advisors, lenders, financiers and investors) by fetching the best possible prospects for a new loan, investment capital or a new client.
FundingStore.com, the brainchild of British Chartered Accountant and author Nick Montague, is unique in that it covers all types of business funding, including business angels, loans, bank funding, asset finance, leasing, private equity, venture capital and other sources including public sector finance.
The site was opened in the UK in late 2010 and has generated interest from all over the UK, with early adopters coming on board, including Addleshaw Goddard, Pannone, RSM Tenon, Bibby Financial Services, Access To Finance, CBG Group and Yorkshire Bank. In February 2011, Michael Badham, a Chartered Accountant with 30 years of corporate finance experience in Canada purchased the rights to FundingStore.com in Canada.
“We know how difficult and time consuming it can be to find possible funders – over the years I have worked with many businesses who have reached a stage where further funding is crucial for their growth, but they are unsure who to approach or how to do it. It has long been a career long goal of mine to make it easier for small and medium sized businesses connect with the right funders. Our mission is to help business find financing fast”, says Michael Badham.
Businesses are also attracted to the site by the education content, templates and other tools, which help them prepare their financing requests and determine the appropriate type of financing.
Funders and investors only see the opportunities that match their criteria. They spend their time saying, “yes we can!” to opportunities that have been sourced and filtered to meet their requirements. Initial response at the launch has been very positive.