Approved Finance Group launches new property division

Approved Property Finance has been created to complement the group’s other offerings including asset finance, motor finance and R&D tax credits, with this one being dedicated to funding support for business through products including bridging loans, commercial mortgages, and development finance.  

Laurie Baugh has been appointed as MD for the division which and has already secured £5m of funding in its first few weeks, with a growth target of securing an additional £30m by Q4 of 2023 for new and existing clients within the group.

Laurie commented: “We saw that many of our clients needed property finance products as they looked to establish their businesses further.

“Many of the businesses we work with are at a pivotal stage in their growth where they may be looking to establish a base of operations, expand their current premises or grow the business into new areas.

“Property finance products can also be used to effectively leverage current assets for growth and profitability.”

Rory Dunn, MD at Approved Finance Group, added: “We have been facilitating property finance for our clients for over four years, but this dedicated division with its team of property finance specialists, demonstrates our commitment to providing solutions to our clients.”