Ashley Finance to enter Scottish bridging market

Ashley Finance has revealed that it is launching its business and bridging loan products in Scotland.

Following a successful pilot, the specialist small business lender is launching business loans of up to £100,000 for any business purpose and bridging loans for time-sensitive projects in Scotland. 

The company recently announced it had more than doubled its lending on some products across England and Wales.

Liam Cavanagh, operations director at Ashley Finance, said: “Scotland has a wealth of successful small businesses, but there are many that suffer from a common problem: accessing the cash they need to grow. 

“After years of supporting SMEs across England and Wales, we committed ourselves to making 2017 the year when we started to help those north of the border.

“There have been some challenges along the way – the legal system isn’t the same, which has been a main barrier for some time – but we are delighted to have reached the point when we can finally make this announcement.

“We’ll be bringing the same personal approach to serving our Scottish customers as we’ve employed successfully in other areas. 

“We’ll assess every application on its individual merit and we’ll be saying yes to businesses when others have said no.”

Ashley Finance has also announced that it intends to launch further products in the Scottish market.

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