The commercial finance arm of the specialist bank saw its lending balances rise to £187.5m in the year to 30th June 2018, up on the £94.2m seen the previous year.
The growth has allowed STB Commercial Finance to focus on expansion across the UK, which has seen it open a Birmingham office, while it plans to open a Leeds base later this year.
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Recent deals completed by the lender include a £15m funding line to high street fashion chain Jigsaw, as well as a £35m facility to Meridian Metals.
“Alternative finance continues to represent an extremely attractive proposition for SMEs looking to unlock growth across the country, many of whom require a flexible and tailored proposition when it comes to funding,” said John Bevan, managing director at STB Commercial Finance (pictured above).
“Our relationship directors are experts in providing this, taking the time to understand both the objectives of the management teams that they work with and the often unique business challenges faced by our clients.”
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