metro bank

Metro Bank reveals new asset-based lending offering

Metro Bank has launched a new asset-based lending proposition.

The new range — available to both existing and new customers — offers loans from £2m, secured against a wide range of assets, such as debtors, stock, plant and machinery, as well as commercial property.

It can be used for a number of business needs, including refinancing existing loans, growth both organically and via acquisitions, as well as transactional opportunities, such as management buy-ins and buy-outs.

The new proposition is set to complement Metro Bank’s existing lending options, including cashflow loans, revolving credit facilities and overdrafts.

Alan Austin, head of asset-based lending at Metro Bank, said: “As a specialist lender, we’re thrilled to launch into asset-based lending. 

“Metro Bank’s focus will be on providing truly bespoke lending solutions that are tailored to each and every customer. 

“When combined with our award-winning level of service — alongside the bank’s comprehensive banking and lending offering — we’re looking forward to supporting many more businesses in the years ahead.”

Kevin Craven, director of invoice finance at Metro Bank, added: “I’m delighted that we are able to provide an increased range of options to our customers through our new asset-based lending offering. 

“Our unique, customer-focussed approach helped us to grow at a market leading rate in 2021, and the ability to offer even more choice to businesses will help us to support even more new customers going forward.”

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