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February 9, 2023
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Finance

Asset based lender reaches 2bn milestone well before Leeds office opening Magazine

Secure Trust Bank Commercial Finance has gone by a large milestone, having funded over 2bn worth of client invoices since its inception in 2014. This comes equipped with what is this great associated with a new office that could be to start soon in Leeds.

Having hit the 1bn figures in May last year, Secure Trust Bank Commercial Finance has enjoyed a time of considerable growth to double this figure in only A year.

This success is reinforced by its annual financial results, which stated that customer lending balances had also doubled for your second consecutive year to 126.5m. This places them firmly in the top independent providers of other finance in england.

This strong performance means Secure Trust Bank to inflate its offering round the UK regions. They may have opened a different office in Birmingham, headed by Regional Managing Director David Parsons, and are also shortly opening a new office in Leeds under the Regional Managing Director John Gribbon. Both are going to have dedicated business development and relationship management operations in each these premises.

The asset-based lender has become particularly active you should be cautious, having provided 15m to high-street fashion chain Jigsaw. Today, Secure Trust Bank Commercial Finance provided a 35m facility to Meridian Metal Trading, among the largest fully independent steel stockholders and processors in britain.

John Bevan, Managing Director at Secure Trust Bank Commercial Finance, said: “Having hit the 1bn milestone a year ago, to double this estimate only Twelve months is a superb achievement. We now have firmly established ourselves as one of the leading providers of alternative finance in great britan market, and the team at Secure Trust Bank Commercial Finance is pivotal to the current exceptional performance.

“Our flexible way of lending mixed with knowledgeable deal leaders who be aware of the complexities and challenges businesses face is really what sets us as well as other lenders. Having a range of regional offices and appointments while in the pipeline, we are aiming to maintain our exceptional level of service and continue our work together with ambitious management teams all over the UK.”

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