EISs celebrate lack of bank funding

Susan McDonald, Chairman, Calculus Capital was quoted in the FT Adviser.

‘Ms McDonald, chairman of Calculus, said the quality of companies seeking EIS funding is the highest it has been for years, largely because smaller businesses are finding it difficult to secure funding from banks.

There are many good companies that are already profitable or close to being profitable that are looking for capital to fund their expansion. However, banks do not want to lend to them. As an EIS investor we can step in and fill the gap on attractive terms for our investors, while also helping successful UK companies take the next step up in their development.’

See the original article here.