Aldermore lends £1bn worth of wholesale and structured finance facilities

by:
  • 20/11/2018
  • 0
Aldermore lends £1bn worth of wholesale and structured finance facilities
Aldermore has provided more than £1bn worth of wholesale and structured funding since launching a dedicated market team in 2014.

 

The bank said it aims to deliver flexible funding arrangements through the team’s prioritising of personal relationships.

Since the team has been in place, the requirements of UK small businesses have changed, Aldermore said.

SMEs typically need larger and more complex funding solutions from £1m up to £40m.

More than a third of SMEs believe their finance comes from alternative lenders, research by the bank found.

Lee Rhodes, commercial director wholesale and structured finance at Aldermore said: “To achieve such a significant landmark in a short space of time really demonstrates our backing for these types of products into the independent leasing and bridging markets, as well as our other activities in supporting vendors and clients directly in achieving their ambitions.

“The team at Aldermore continues to grow in strength, following the new appointments of Mick Barber and Eamonn Pearson as wholesale business development managers.”

There are 0 Comment(s)

You may also be interested in

Read previous post:
Magnet Capital agrees equity partnership with Richardson family

Specialist development finance lender Magnet Capital has announced a funding partnership with the Richardson family.

Close