Commercial News

Cambridge & Counties Bank waives asset finance fee

Rozi Jones -
|
3rd February 2020
calculator fees funds funding small business sme
"Credit lines can be a compelling solution for many businesses, helping to fund expansion plans, for instance, or release finance locked into fixed assets"

Cambridge & Counties Bank is waiving the documentation fee for all asset finance deals drawn under a credit line between 1 February – 30 April.

The bank’s business customers will save a £200 documentation each time they draw down during the promotional period.

The campaign, which is aimed at new and existing credit line customers via brokers and intermediaries, follows a similar three-month ‘no documentation fee’ campaign in mid-2019.

Simon Hilyer, senior business development manager at Cambridge & Counties Bank, said: “Our last campaign showcased the competitive nature of our products. We are building on that further as we look ahead to 2020 and a year of growth and expansion for the bank. Our proposition has been welcomed by our partner introducers and we expect this campaign to once again further cement our broker relationships. Unlike many lenders, Cambridge & Counties Bank completes the agreement documentation on behalf of brokers, saving significant time and effort for them and their clients.

“Credit lines can be a compelling solution for many businesses, helping to fund expansion plans, for instance, or release finance locked into fixed assets, provide a cash flow injection and help finance balloon payments, among others.”

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