"Together we will continue to support the ever-growing number of businesses looking for financing that fits their needs."
SME lender Spotcap UK has appointed Andrew Caulfield as a senior underwriter in response to increasing demand and a growing loan book.
Andrew joins the lender’s growing team, which now consist of 130 employees globally, and bringe experience in risk management from previous roles with RateSetter and Allied Irish Banks.
At Spotcap, he will be responsible for assessing the credentials of companies looking for an unsecured business loan using Spotcap’s in-house developed machine learning technology.
84% of areas in the UK have seen business lending from banks fall in the past year, as they continue to face difficulties in securing finance, according to data collected by debt adviser Hadrian’s Wall Capital.
Niels Turfboer, managing director at Spotcap, commented: “Andrew’s appointment highlights our emphasis on a swift yet high-quality loan process for both our partners and clients. His strong background will positively contribute to Spotcap’s reputation with the UK business community as an efficient lender with an experienced team.”
Andrew added: “I am delighted to be part of this dynamic and driven team. Everyone here has a very strong work ethic and customer-centric perspective. Together we will continue to support the ever-growing number of businesses looking for financing that fits their needs.”