Danny Girnun

Merchant Money reports lending surge after bolstering team

Merchant Money recorded its second-largest lending month of the year, in terms of volume, in September following several senior hires.

The UK business finance provider launched in 2013 and offers a variety of loans for SMEs, including unsecured and secured, short term, e-commerce, working capital, limited company and VAT loans.

In an exclusive interview with Bridging & Commercial, Danny Girnun, director at Merchant Money (pictured above), attributed the company’s new recruits to its recent business surge.

“September was our second-biggest lending month for 2019.

“It was a strong month in terms of actual volume [and we’ve] got some big targets and numbers that we're trying to hit in November and December.”

Over the past three months, Merchant Money has brought in three additional business development broker specialists, that have previous experience of managing and dealing with brokers, and an extra person in its direct department.

“…We've got a strong infrastructure in terms of both people and systems. 

“That will definitely help us to take Merchant Money to the next phase of its lifecycle. 

“[There’s been] some big growth up until now and, with this investment, we're definitely [going to be] on track for some further growth.”

Luke Jooste, CEO at Merchant Money, recently outlined his plans for the company in addition to how he felt the business finance sector was currently performing.

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