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.”
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