Premier Asset Finance reaches £1bn SME finance milestone
Premier Asset Finance

Premier Asset Finance reaches £1bn SME finance milestone




Premier Asset Finance has introduced £1bn worth of SME finance to its funding panel since it launched 10 years ago.

The Edinburgh-based asset finance broker – owned by Paragon Bank – has been involved in 12,500 individual finance agreements.

Premier Asset Finance has arranged funding for unusual assets, including commercial survey drones, underwater fish cages, offshore oilfield drilling equipment, funeral vehicles and a helicopter ditching simulator.

Mark Ripley, joint managing director at Premier Asset Finance (pictured above, left), said it was proud to have provided support to so many businesses over the past decade.

“It’s interesting to see how asset finance has changed over that time.

“It’s moved from standard hard assets to a huge growth in soft assets, like shop fittings, mezzanine floors and office furniture.

“Even now, we are seeing more emerging industries that need financing, including those for new technologies and recycling.

“This is and always has been an interesting and worthwhile profession and we feel proud to have helped so many businesses over the past decade.”

Kevin Davidson, joint managing director at Premier Asset Finance (right), added that it had been a fantastic journey.

“We set out from day one to differentiate ourselves from the pack and be a role model for the asset finance broker industry – and that ranges from everything to how we paid our employees to how we presented our credits and looked after our customers.”

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