Joe joins the specialist lender from Praetura Commercial Finance, where he served as a BDM for almost two years.

Prior to that, he was a new business analyst at Shawbrook Bank.

In Arbuthnot Commercial ABL’s first year, it completed 15 deals with facilities in excess of £40m.

“Joe’s previous experience building the business pipelines at similarly entrepreneurial lending firms will be valuable as we look to build on this exciting year of growth and development,” said Andrew Rutherford, commercial director at Arbuthnot Commercial ABL.

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He explained that SMEs and lower mid-market corporates were the biggest wealth and job creators in the UK.

“Our hand-picked and expert team are looking forward to increasing our market penetration and delivering further innovative facilities throughout this space in 2019,” Andrew said, adding that this would help ambitious businesses support further job creation and capitalise on the opportunities available for growth.

In December, Arbuthnot Commercial ABL completed a £2m invoice discounting facility to support a business acquisition.