Greg Carter

Growth Street enters broker market

Growth Street has formally launched into the introducer market after a positive introduction at the NACFB Commercial Finance Expo 2017.

The alternative lender has also announced that it is raising the upper limit of the facilities it can offer small businesses to £1m (previously £500,000).

A new commission model designed for the introducer space will see introducers paid commission over the length of their clients’ time borrowing through Growth Street.

The lender has already entered into partnerships with several brokers, including P2P specialist Ludgate Finance, but this announcement marks the company’s formal entry to the introducer market.

Chris Weller, commercial director at Growth Street, said: “I’m delighted to be leading our launch of a dedicated offering for introducers, who are a vital source of expertise and guidance for growing businesses.

“So far, we’ve grown through word of mouth and customer referrals.

“Now we’re opening up Growth Street to the introducer market with a newly raised facility limit, and I’m really looking forward to initiating many productive new relationships.”

Greg Carter, CEO of Growth Street (pictured above), said: “After our successful entrance into the market at NACFB’s Commercial Finance Expo, we’re eager to get talking to introducers who want to offer their clients a genuinely different kind of business financing.”

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