Reward Finance Group has opened a London office, headed up by experienced asset-based lender, Simon Adcock (pictured right).
Adcock has worked in the finance sector for 25 years and in his new role he will be establishing Reward’s presence across London and the South East among his well-established network of introducers, as well as SMEs across the region.
The alternative funder recently expanded into the Midlands.
Speaking about joining Reward,Adcock said: “I have always had a great deal of respect for the directors, having previously seen them operate first hand,” he said.
“Since then I have admired the way Reward does business, as it brings a refreshing approach to the sector. Rather than putting barriers in the way of funding, I have seen the way the team does all it can to find a solution to a company’s lending needs.
Read the full article at: Reward Finance Group expands into London and South East – The Intermediary
Independent business lender White Oak, has announced it has completed a securitisation facility from Barclays Bank, with the funds set to be deployed to SMEs across the UK via asset finance solutions.
White Oak is committed to supporting the UK’s economic recovery and will use this facility to enable SMEs and mid-size corporates to invest in their business and drive productivity and growth.
This comes as the UK Government implements several measures to encourage businesses to invest, including the super deduction which allows businesses to cut their tax bill by up to 25p for every £1 they invest.
With a balance sheet of c. £500 million, White Oak is one of the largest non-bank SME lenders in the UK. The firm has been instrumental in supporting a range of SMEs and mid-sized corporates during the pandemic via the CBILS scheme as well as its existing lease and loans products.
Building on an established track record in the UK since 1986, White Oak is now set to deploy significant capital into asset finance over the coming years while continuing to grow its loans business. White Oak will deploy support across a range of sectors including agriculture, manufacturing, and construction with its team of consultants having a wealth of experience from across these sectors.
Read the full article at: White Oak grows asset finance business with £150 million facility – Scottish Financial News