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Roma Finance triples RBS funding line

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  • 04/12/2018
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Roma Finance triples RBS funding line
Roma Finance has tripled its funding facility with Royal Bank of Scotland (RBS).

 

In July 2016 Roma secured funding from RBS which enabled the company to lend up to £50m a year and the new facility almost triples that amount.

The lender reported an 80% increase in volumes during the first half of 2018, doubled its sales and underwriting teams and has launched into Scotland.

It said to celebrate the new funding it was launching a special offer rate of 0.85% on bridging loans between £100,000 – £500,000 where customers commit by 21 December.

RBS relationship director, corporate coverage John Howard said: “We were delighted to support Roma Finance with a further credit facility which will assist the business in its growth aspirations and look forward to continue working with the team in the future.”

Roma Finance finance director Keith Richardson said the extension of the funding facilities would allow it to further develop staff, technology and establish new partnerships.”

Managing director Scott Marshall (pictured) added that he was delighted with the completion of the funding facility and said it was pleased to be working with institutional lenders.

 

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