A Burton-On-Trent-based debt recovery business is preparing to grow its workforce with five new job roles after securing a £100,000 funding package.
Maxima Creditor Resolutions, based in Blakenhall Park Bar Lane, Barton Under Needwood, secured funding from the Midlands Engine Investment Fund (MEIF) and Staffordshire & Stoke on Trent Business Loan Fund managed by BCRS Business Loans.
Funding will allow Maxima Creditor Resolutions to strengthen and expand its services as a startup business. The funding will create five additional jobs and support three existing roles which will enable Maxima to employ specialist legal support and take advantage of new market opportunities.
Established in October 2021 Maxima Creditor Resolutions are insolvency experts, specialising in the recovery of outstanding debts for creditors.
Mark Andrews, co-founder of Maxima Creditor Resolutions, said: “After securing funding from BCRS we will be able to use the fund to recruit an additional five people and secure the futures of three existing members of staff.
“The investment fund will allow us to recruit legal professionals together with administerial roles to support the infrastructure.
“The loan application process with BCRS was painless. Andrew from BCRS took the time to understand the business and what we were trying to achieve. It felt more like a partnership rather than just completing a single application form.”
Andrew Hustwit, head of business development at BCRS Business Loans, said: “We are so pleased to have delivered the funding that Maxima Creditor Resolutions need via the MEIF WM Small Business Loan Fund and Staffordshire & Stoke on Trent Loan Fund in order to achieve their growth plans.
“As a lender that delivers funding for intentional social and economic impact, it is great news that five new jobs will be created by Maxima Creditor Resolutions.”
