Small and Medium-Sized Enterprises
Boomfii understands small and medium-sized businesses or small and medium-sized enterprises (SMEs) and startups that need to have a need for cash. The traditional methods of Bank loans, Private Equity, Venture Capital, and Angel Investors most of the time have strict terms and conditions and want to have substantial equity in the business.
In certain cases, these suppliers of funds will not fund until a level of sales and profitability called EBITDA (Earnings Before Interest Tax and Depreciation) has been reached. We at Boomfii have a different approach, yes, we need to be sure that you can repay, and, have a strength of forwarding sales called a Pipeline. We will obviously carry out our own checks and balances.
We are confident in our ability to assist.
The Boomfii solution is to purchase your products and sell them in your markets under a white label system, this is where your clients are unaware that Boomfii is the purchaser and reseller
We can assist in the funding of purchases, via trade finance allowing you to sell directly to your clients.
Boomfii is your wholesale and trading partner.
Boomfii is not a factoring company, bank, or lender. We are a trading company and as such does not require any FCA or banking license.
Boomfii helps and supports SMEs and start-ups when no one else will. If we can credit ensure the buyer and there is the tangible business to be done, we are happy to trade.
If you are an SME who is experiencing Financing challenges, we are here to assist and advise and can reach a solution that resolves the challenges.