Quick, simple, and straightforward funding

Background

A client was referred to Spark by one of our FX partners. Their client, operating in the automation sector, was seeking £200,000 in funding to support the business expansion, as the demand was increasing.  

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The process

Initially, a lender declined the application due to small underwriting error - they hadn’t taken a crucial bit of information into account and had declined on first go. Spark’s relationship with the lender and deep understanding of the business allowed us to pick this up and challenge the lenders first stance. Eventually resulting in the business being approved for funding an unsecured business loan for £200,000 over 5 years. 

Outcome

The funding process was completed in a simple, fast, and straightforward way, demonstrating the ease and effectiveness of Spark's white-label solution. All parties benefited:

• The client: secured the necessary funds to expand their business.
• The FX partner: maintained their client relationship while earning commission.
• Spark: facilitated a smooth transaction and shared in the commission.

The White Label Funding Process

Spark's white-label solution allowed the FX partner to offer debt products directly to their clients while maintaining their relationship. The process was simple:

1. Referral & Document Collection
   ‍The FX partner referred the client and managed initial document collection.
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2. Lender Engagement
   Spark's team contacted lenders from their extensive panel to source the best offers.
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3. Offer & Closing
   Once offers were secured, the FX partner and the client closed the deal, ensuring all parties benefited.

This case highlights how seamless and effective Spark's white-label solution is. By leveraging their lender panel and expertise, partners can offer debt products confidently, ensuring their clients receive funding without complications.

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