STB Commercial Finance looks to open new London office
STB Commercial Finance

STB Commercial Finance looks to open new London office




Secure Trust Bank Commercial Finance is looking to open a new London office this year.

This follows the news that it has now provided £25m of funding to businesses across London and the South East.

The bank is preparing to expand its operations in the region after opening offices in Yorkshire and the Midlands last year.

It recently provided a £2.15m funding package to NJ Russel Holding Group to support the acquisition of a Cambridgeshire-based contract electronic manufacturer.

It also provided a £10m facility for a rescue bid for the high street fashion retailer Jigsaw.

Tony Young, regional sales director at Secure Trust Bank Commercial Finance (pictured above), said: “There are a vast number of businesses located in the South of the UK, and despite the uncertainty surrounding the UK’s economy, there is still huge appetite for alternative finance in the region.

“Businesses are continuing to trade well, but having access to funding remains to be one of the most significant barriers to growth.

“With this in mind, we are looking to invest more capital into the region this year and given that we’ve been particularly active in the South over the [past] 12 months, it feels only natural to establish a permanent presence in the region in 2019.

“London and the South East is brimming with exciting opportunities, and we are looking forward to working in this thriving area of the UK.”

 

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