Manchester lender STB Commercial Finance achieves £1bn funding milestone

Secure Trust Bank Commercial Finance has now funded more than £1bn of client invoices.

The Manchester-headquartered lender has sanctioned facilities worth over £155m, in addition to current advances of £80m worth of funds to clients.

The company said the figure places it among the UK’s top 10 independent asset-based lending providers.

Secure Trust Bank Commercial Finance’s transactions over the last 12 months have included £4m for intelligent transport systems firm Trueform, £2m for stage lighting and sound equipment provider Stage Electrics Partnerships Ltd and £1.75m for insurance industry assessment and restoration services provider Independent Inspections Group.

The managing director of Secure Trust Bank Commercial Finance, John Bevan, said: “To hit this milestone after just two and a half years is a remarkable accomplishment for the team and firmly cements our position among other lenders in the UK market.

“Our flexible approach has been central to this growth. Taking the time to understand the challenges that our clients may face has differentiated us in the market, allowing the business to consistently punch above its weight with the larger lenders.”

He added: “We have already seen our funding deliver strong results for businesses across the UK, and we look forward to continuing to work with more ambitious management teams to help them achieve their growth objectives.”

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