"Our new Birmingham office has given us an opportunity to engage with the local business community"
Secure Trust Bank Commercial Finance has reported record levels of investment in the Midlands in 2018 after launching its Birmingham office earlier in the year.
In total, the Bank has recorded £75m worth of asset based lending and invoice finance funding to Midlands businesses in 2018.
This performance builds on the firm’s national interim results, which show that lending balances had doubled over the course of 12 months to £187.5m.
In addition to the Midlands office, this growth has also been supplemented by the opening of a Yorkshire site in August. The firm has plans to launch a London office in 2019, bringing the total to four offices nationwide.
David Parsons, regional managing director at Secure Trust Bank Commercial Finance, said: “With the ongoing economic uncertainty, we’ve seen appetite for supportive and imaginative funding solutions for SMEs in the Midlands. Our new Birmingham office has given us an opportunity to engage with the local business community, and we are now well placed to offer both new business structuring and ongoing client management support to SMEs across the region.
“Having a presence in key regions such as the Midlands and Yorkshire has made a real impact on our deal execution, so we’re keen to continue our national expansion with the new London office next year.”