A London-based short and medium-term finance company today announced that it has made a Cardiff-based packager one of its key partners.

Drawbridge Finance has formed a

partnership with the Y3S Group, and now has around 45 key partners across the UK. It intends to increase its panel of packagers further in the upcoming months.

Matt Cottle, Director of Y3S Group, said: “By adding Drawbridge Finance to our panel of lenders we are able to offer a superb new secured loan facility with advances starting where other lenders stop.

"This means that Y3S Loans can offer more choice to our network of brokers. The demand is certainly there: within just one week we have AIPs for over £1 million of new advances.”

Mark Posniak, Head of Marketing & Operations, Drawbridge Finance, added: “Y3S Loans is a dynamic and focused firm that understands how we work and what we require, which makes for a seamless loan approval process. Their approach and track record in what has been a challenging two to three years are widely respected in the industry and we are thrilled to have them onboard.”