London, GB 19 °C

Wednesday, July 08, 2020


Secure Trust Bank Commercial Finance exceeds £4bn in lending

Sam Monk | 16:34 Tuesday 12th November 2019

Secure Trust Bank Commercial Finance has now surpassed £4bn in total lending since launching in 2014.

The specialist bank has funded £1bn worth of customer invoices in the past year, achieved an average of 85% year-on-year growth since its establishment and seen its headcount increase from six to 30.

Secure Trust Bank’s commercial arm provides a full suite of asset-based lending facilities to businesses across the UK, ranging in size from £1m to £50m and also provided £220.7m worth of funding to UK businesses up to 30th June 2019 — a rise of £33.2m on the same period last year.

John Bevan, managing director at Secure Trust Bank Commercial Finance (pictured above), said: “The commercial finance business has completely transformed since our inception.

“When we started out, our maximum loan size was £15m, which has since risen to £50m, demonstrating our size and scale in the market.”

John highlighted that its expansion into Yorkshire and the Midlands was a “driving factor” behind the bank’s growth.

“Having a base in each of the UK regions has enabled us to offer a better service to the businesses we work with which, coupled with our flexible approach to lending, has led to huge increases in facilities we fund.”

leave a comment

Your email address will not be published.