Tamsin Naylor

New business lender MaxCap hires new head of underwriting

MaxCap has appointed Tamsin Naylor as its new head of underwriting.

She joins the specialist lender from Nucleus Commercial Finance, where she worked as risk manager, heading up the underwriting and collections departments.

Prior to this, she led the risk teams across the UK, Norway and Finland for Siemens.

Commenting on her appointment, Tamsin said: “I’m really excited to be joining this high-growth, start-up lender. 

“Alex [Littner, founder and CEO at MaxCap] is incredibly ambitious, and has some very exciting plans for MaxCap, [so] I look forward to working alongside him to shape the future of this company and support the needs of small businesses.”

Alex added: “Tamsin is a fantastic addition to the team and we are thrilled to have her on board. 

“Her expertise in small business lending and working in alternative finance will help our ambitious growth plans as we look to raise further finance, introduce greater automation to enhance our risk decisioning and speed up our process, and launch new financial products to help small businesses get quick access to the right finance for their needs.”

Launched last year, MaxCap is a specialist lender which focuses on providing short-term, unsecured business loans to UK SMEs, working with commercial finance brokers as its key distribution channel.

The lender offers finance for a variety of clients, including early-stage businesses (from 12 months), non-homeowners and sole traders — in a wide range of industries. 

MaxCap will also help businesses that have taken out a CBILS loan but require a further cash injection, as well as those that have been refused one.

The lender aims to make decisions on loans within 24 hours, as a result of its tech and streamlined application process.

"We don’t believe getting a business loan should be an agonising, stressful and tedious task,” said Alex.

“We appreciate business owners are busy people, so we strive every day to keep our process simple, straightforward, fair and transparent.”

He claimed that MaxCap had received “great praise” from brokers on the ease of its process and the responsiveness of the team.

“Our wonderful brokers like the fact that, through MaxCap, they deal with humans, not a platform — we make ourselves available to be contacted by our brokers whenever they need us.”

The lender has also implemented a programme called MaxSmile, in partnership with various companies, such as Swoop, Sparqa Legal, Nimbla, Credit Passport and others.

Through this, small businesses can access products and services to help them run their business better and secure discounts.
“Our vision is to build an integrated ecosystem and become a one-stop-shop for small businesses, not only to offer them a range of financial products, but also to provide engaging content and connect them to awesome products that could really help them to run their business better,” continued Alex.

“In these very difficult times, we want to do all we can to champion and support small businesses in the UK.”

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