"Peer-to-peer lending has become increasingly important as a funding stream for businesses and developers. "
Peer-to-peer SME lender Assetz Capital has expanded its team in Scotland with the appointment of Colin Mottram as senior relationship manager.
Before joining Assetz, Colin gained eight years’ experience working within the Lloyds Banking Group, most recently as a relationship manager in its Business Bank.
Assetz Capital has also promoted Fraser Clark - currently the regional support director for the North - to relationship director.
Since inception in 2013, Assetz has facilitated £850m worth of investment into UK business and property development.
Fraser Clark said: “Peer-to-peer lending has become increasingly important as a funding stream for businesses and developers. With traditional funders less willing to provide support, Assetz has established itself as a prominent lender in Scotland.
“I am excited to continue working with Assetz in my new role, looking to help boost the presence of the company in Scotland, and helping to grow the nation’s economy by providing funding to ambitious property developers and SMEs.”
Colin Mottram commented: “There is tremendous confidence and borrower appetite in Scotland, which makes it an exciting time to be joining Assetz Capital. Businesses across Scotland and the rest of the UK have struggled with the lack of finance from banks, and I’m happy to be able to play a part in closing the funding gap.”
John Hewitt, regional director for the North at Assetz Capital, added: “Fraser has been a fantastic member of the Assetz team in Scotland, and I’m delighted to have him continue working in his new role as Relationship Director. To have him joined by another superb individual in Colin is a further boost to the operations in Scotland. With a wealth of experience in business lending, we’re confident that the appointments will have a huge impact on our deal execution in the region.”