Affirmative Finance listed in top twenty fasted growing firms

Affirmative Finance listed in top twenty fasted growing firms


Manchester-based short term lender, Affirmative Finance, has been placed twelfth in April’s 2010 Fast Track List published in The Sunday Times. 

Compiled by Oxford networking events and research company, Fast Track, the list ranks Britain’s 100 top performing private firms, publishing the findings in six league tables each year.


Sitting between the price comparison website, Cheapflights and the building contractor, Surgo, Affirmative is the only short term lender listed, and one of only three firms operating with a workforce of fewer than 20 staff.


Founder and managing director, Eugene Esterkin, said: “Whilst it is a great milestone for the company to have come so far in so few years, the name of the game remains, as it has from the start, common sense lending in, to say the least, these difficult times. 


“For us it has never been biggest or most but best, which is precisely what we hope to have achieved. There have been competitors who have lent more, lent at higher LTV’s and to customers that do not merit loans. 

But some of those competitors are no longer with us and others have had a spanking in this market. It is easy to get the money out; the clever bit is making sure that you can get it back. 


“We feel that our team at Affirmative is the best in the sector in all departments, from management to sales to underwriting to collections; the results speak for themselves. Well done Team Affirmative.”


Priding themselves on offering a service faster than their competitors, Affirmative boast successes that include completing a deal within four hours of application. Their client base ranges from individuals facing bankruptcy to international property developers looking to seize once in a lifetime opportunities.


Affirmative believes it is their responsible attitude towards lending, coupled with their hands on and personal approach that has generated their steady growth over a difficult period.


The Fast Track 100 list looks at the individual company’s development over the last three years. Commenting on the report, business analyst and journalist, Catherine Wheatley, said: “The research reveals a collection of ambitious businesses that have seized the opportunity to make acquisitions, expand organically, seek out new markets and cut costs”.


Their top twenty ranking puts them above a host of household brand names, including clothing retailer Jack Wills, Regent Gas, Poundland, London City Airport, and The Ivy owners, Caprice Holdings – proving that expert bridging finance is well and truly making the celebrated comeback we have been waiting for.

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