Former RBS director joins DSL Business Finance

Iain Burnside, former director of commercial banking at RBS (pictured above), has been appointed as loan officer for Edinburgh, Lothians and Borders at DSL Business Finance Ltd.

DSL is responsible for delivering the Scottish Microfinance Fund (SMF), which enhances economic growth by providing finance to Scottish SMEs.

Iain has joined DSL from Single Source Aviation Group (SSA), where he was CEO.

In his new role, he will be responsible for ensuring SME owners and their advisers in Edinburgh, Lothians and Borders are aware of how the SMF can provide funding to drive their business ambitions and support them through the lending process.

Iain has over 25 years of experience in business and commercial banking, with extensive knowledge of Scottish SMEs.

SMEs which apply for funding through the SMF will receive face-to-face pre-loan and aftercare support from loan officers, who are based in Edinburgh, Glasgow, Dundee and Inverness.

Since the launch of the SMF in 2016, it has lent over £2m to 150 SMEs across Scotland, which has helped to create and maintain 300 jobs.

The fund is managed and delivered by DSL Business Finance Ltd and supported by the Scottish government, Start-up Loans Company (SULCo) and European Regional Development Fund (ERDF).

“Iain has unrivalled expertise in the SME marketplace in Scotland, which will be vital for continuing to develop the reach and effectiveness of the SMF in the Edinburgh, Lothians and Borders region,” said Stuart Yuill, executive director at DSL Business Finance.

“His experience will help entrepreneurs with new and existing businesses to become ‘funding ready’, so they build robust business plans to ensure more start-up and growing SMEs survive in such a competitive economic climate.”

Iain added: “I am looking forward to helping a diverse range of entrepreneurs whether they are starting up or taking their businesses to the next level.

“Funding is such a key part of that development, and it’s very rewarding to see how much of an impact a loan from the Scottish Microfinance Fund can make.”

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