For SMEs aiming to accelerate growth through research and development, accessing the right finance is crucial. Venture debt offers a flexible funding option designed specifically for innovative businesses seeking capital without diluting equity. SPRK Capital is a leading UK innovation finance lender, specialising in venture debt and working closely with the British Business Bank to provide RD Advance Funding and Grant Advance Funding.
What is Venture Debt?
Venture debt is a form of debt financing tailored for high-growth startups and SMEs that have already raised equity funding or secured grants. Unlike traditional loans, venture debt is structured to support companies developing new technologies or products, giving them the financial runway to innovate and scale without immediate equity dilution.
The Role of SPRK Capital in Innovation Lending
SPRK Capital focuses on providing bespoke lending solutions to SMEs in the UK’s innovation sector. By partnering with the British Business Bank, SPRK offers access to RD Advance Funding and Grant Advance Funding. These products allow businesses to unlock cash flow tied up in ongoing RD projects or awarded grants, giving them upfront capital to invest in growth activities.
Benefits of RD Advance Funding and Grant Advance Funding
Improved Cash Flow: Access funds earlier in your project lifecycle to maintain momentum without waiting for grant payments or RD tax credits.
Non-Dilutive Finance: Retain full ownership of your company while gaining access to vital capital.
Flexible Terms: Lending terms designed around the unique needs of innovative businesses.
Accelerated Growth: Use funds to hire talent, invest in technology, and scale operations quickly.
Why Choose Venture Debt with SPRK Capital?
Many SMEs struggle to secure traditional bank loans due to the intangible nature of RD assets. Venture debt bridges this gap by recognising the potential value in innovation efforts. SPRK Capital’s expertise in innovation finance ensures tailored lending solutions that understand the risks and rewards associated with RD. Their collaboration with the British Business Bank also adds a layer of security and confidence for borrowers.
How to Access Venture Debt for Your SME
If your business is actively engaged in research, development, or has secured innovation grants, venture debt could be the perfect financing tool. Contact SPRK Capital to discuss your funding needs and explore how RD Advance Funding or Grant Advance Funding can help unlock your company’s full potential.
