Secure Trust Bank (STB) Commercial Finance has opened a new office in Leeds as it continues its national expansion.
The 1,070 sq ft office – which is based at Minerva House on East Parade – will be headed up by John Gribbon, regional director at STB Commercial Finance.
John is joined by Victoria Conway, portfolio and structuring director, and Paul Goodchild, who was recently appointed as regional sales director for Yorkshire.
Paul joins the business from RBS Invoice Finance, where he spent six years writing large corporate asset-based lending transactions.
In his new role, he will be responsible for identifying opportunities and providing local SMEs with flexible finance facilities to support their growth and manage cash flow.
STB Commercial Finance has advanced £70m worth of loans in the Yorkshire and North East region in the last year, which includes a £2.3m facility for Twisted Automotive, a vehicle engineering firm which specialises in re-engineering new and used Land Rover Defenders.
STB Commercial Finance recently announced its interim results, which revealed that lending balances had doubled over the course of 12 months to £187.5m as of 30th June 2018, up on the £94.2m recorded the previous year.
During that period, it funded more than £1bn in customer invoices.
“We have completed some excellent deals in Yorkshire recently, and we’ve seen a surge in enquiries on the back of this,” said John.
“Naturally, the next step for us was to establish an office that will allow us to maintain close contact with businesses in the region and provide a base so we can bolster our sales team.
“Paul has recently joined us, and we expect to increase headcount further later in the year.
“With established offices in the North West, Midlands and now Yorkshire, we are now in a strong position for even further expansion.”
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