Telecoms firm VS Group has trebled in size after being awarded a £49.9k loan by Business Finance Solutions (BFS) from the £3m North West Fund for Micro Loans.
The funding boost enabled the firm to expand its voluntary services telecommunications business, which is now on target to hit £1m.
Eight new jobs have been created at its offices in Spinningfields, Manchester.
The company now has over 400 clients including law centres, Bluebell Children's Hospice and the Police Treatments Centre.
Established in 2012 by Director Kevin Penman, VS Group specialises in providing low cost communications solutions to the voluntary services and charity sectors.
They work with partners to offer lower prices and bespoke communications solutions that enable charities to keep costs down across call charges, line rental, hardware and Cloud storage.
Over the last three years VS Group has saved its charity customers over a million pounds worth of costs. The company has also held and supported many fundraising events, which have enabled them to help smaller charities obtain start up equipment.
Penman said: "In a sector where every penny counts, any cost-saving that charities make can be saving or improving lives.'
Mark Gibbons, Business Loan Manager at BFS, which is part of the Manchester Growth Company, said: "When they came to us for the loan Kevin and his team at VS Group had already achieved significant penetration into the charity communications market.
"By helping them to access the finance they need to grow we are investing, not only in a great business, but in a team of people who are passionate about helping others and the community.
"VS Group is a great example of the exciting and innovative businesses we are working with who may not have been able to secure funding from traditional lenders but to whom between £25k and £49,999k can make an enormous difference to the future success and job creation."