John Bevan

Secure Trust Bank reports 72% surge in SME lending

Secure Trust Bank Commercial Finance has seen its lending balances rise 72% during the first six months of 2017.

The lender has agreed £94.2m worth of lending to UK SMEs in the year to 30th June 2017, an increase on the £54.5m reported over the same period the previous year.

During the first half of the year, Secure Trust Bank provided funding to SMEs in a range of industries across the country with notable transactions including a £2m asset-based lending facility to Todd Doors as well as a £750,000 facility to the global suppliers of Riley snooker tables and cues BCE Distributors.

“The commercial finance team has continued to impress, with its strong credit performance and unrivalled flexible facilities that have brought expansion across the business,” said John Bevan, managing director at Secure Trust Bank Commercial Finance (pictured above). 

“We are now recognised as one of the top 10 providers of asset-based lending, which is staggering considering the commercial finance division was established only three years ago.”

Secure Trust Bank’s commercial finance team announced that it had funded over £1bn of client invoices with total facility limits agreed in excess of £160m.

The bank offers a full range of asset-based lending solutions ranging from £500,000 to £30m and provides finance for numerous situations, including management buyouts and buy-ins, restructuring and turnarounds as well as service-led refinances.

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