Lender ceases new business
By Tom BelgerGeneral Asset Management (GAM) has announced it will no longer be originating new business
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The small business loans and asset finance lender posted on its website that it would no longer be taking new business as of 1st January 2017.
GAM added that as a fully licensed Financial Conduct Authority business it would continue to service all existing agreements in line with established policies and procedures.
The lender also stated that existing customers with live agreements could get in touch, while current introducers could contact Alastair James on 01444 446 971 for more information.
GAM is currently a patron of the National Association of Commercial Finance Brokers and is based in West Sussex.
GAM was contacted, but declined to comment further.
Keywords: General Asset Management, Asset finance, business finance, leasing finance, Alastair James, NACFB Patron, Commercial finance, lender ceases new business
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/lender-ceases-new-business