British alternative asset manager Pollen Street Capital has provided a credit facility to UK SME lender Elect Capital, while also extending and upsizing its existing facility with alternative lender MCL Finance.
Elect Capital provides short-term loans to UK small and medium-sized enterprises, offering financing of up to £1m.
Alongside supporting Elect, Pollen Street has also increased and extended its existing facility with MCL Finance, which was first established in December 2025.
London-headquartered MCL Finance is managed by the same team as Elect, helping to provide UK SMEs with a broader range of short-term funding solutions. Since its launch in 2018, MCL has facilitated more than £150m of lending to businesses.
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“The Elect facility and the MCL upsize reflect our conviction in this management team and in the underbanked UK SME lending market,” said Ethan Saggu, investment director at Pollen Street Capital.
“We backed MCL in December and it is great to deepen our relationship with the team: supporting an adjacent product that broadens the offering to small businesses while building on a relationship that has continued to develop well. We look forward to working with the team across both platforms.”
The deal follows Pollen Street’s recent provision of a €120m (£103.3m) facility to Lithuanian-headquartered InSoil.
The firm also backed Spanish private credit lender Zintra Capital in May and Irish non-bank lender SME Finance and Leasing Solutions in March.
