Secure Trust launches commercial finance business
Secure Trust Bank has launched its new commercial finance business to provide SMEs with a range of asset-based lending products.
Secure Trust Bank Commercial Finance, headed by John Bevan, is targeting rapid growth over the coming months.
Its head office will be based in Manchester, with sales teams in Birmingham, Leeds, Bristol, south coast and London.
The commercial finance arm will provide SMEs with the funding needed to secure growth.
Bevan, who has 19 years' experience within the invoice finance industry, said: "The business has launched with an incredibly strong team, and I am confident that we will see enormous success in demonstrating our differentiated offering, providing businesses with the funding they need to secure their growth ambitions.
"We launch in an environment of huge opportunity; traditional debt finance remains difficult to obtain for many businesses. Companies are more aware of alternative forms of finance than they were several years ago, and have to some extent accepted the fact that the UK's historic reliance on traditional funding cannot continue."
Bevan has held previous positions at Royal Bank of Scotland and head of trade and working capital at Barclays.
Secure Trust is headquartered in Solihull and has been providing banking services since 1952.
PIC: John Bevan