Snowball Alternative Finance gets thumbs up from the regulator

Having secured Financial Conduct Authority (FCA) approval for the business, we are delighted to announce the launch of Snowball Alternative Finance.

Snowball Alternative Finance is headed up by former senior banker, Peter Black and North West entrepreneur, Alwin Thompson.

We will assist SMEs looking to fund growth of their businesses and are fully independent with access to over 300 funders in the marketplace.

With a broad range of business and finance expertise, we are well placed to assist businesses.

Peter has over 23 years’ experience in the SME, corporate and large corporate arenas and has worked for three major banking institutions. During his career, Black has negotiated and/or underwritten in excess of £1.5bn in lending facilities to UK businesses.

After leaving the banking sector, he set up a consultancy business, advising SMEs and corporates on their strategic, business planning and funding needs. This has involved working with established businesses of all types and industries, across the full spectrum of funding solutions.

Alwin currently holds a number of non-exec roles with North West based businesses and is best known for his role as founder of Inter Link Foods Plc, a business he formed in 1994 and from which he retired in 2007 when the company had a turnover of £130m.

During his time with Inter Link the company was named AIM company of the year and MEN Business of the Year.

Speaking about the launch, Black said, “There is a huge amount of interest from SMEs and property developers/investors across a wide range of alternative finance options, including debt and equity crowdfunding, asset based lending and growth funds.

“At a time when the banks have lost their appetite for lending, there are many strong businesses looking to grow, but they need funding to achieve it.

“Although alternative finance is becoming far more mainstream, there is still a lack of awareness of the many exciting options that are available and that is where we come in with a blend of finance, banking and business expertise.”


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