Secure Trust Bank (STB) Commercial Finance has opened a new office in Leeds as it continues its national expansion.
The 1,070 sq ft office – which is based at Minerva House on East Parade – will be headed up by John Gribbon, regional director at STB Commercial Finance.
John is joined by Victoria Conway, portfolio and structuring director, and Paul Goodchild, who was recently appointed as regional sales director for Yorkshire.
Paul joins the business from RBS Invoice Finance, where he spent six years writing large corporate asset-based lending transactions.
In his new role, he will be responsible for identifying opportunities and providing local SMEs with flexible finance facilities to support their growth and manage cash flow.
STB Commercial Finance has advanced £70m worth of loans in the Yorkshire and North East region in the last year, which includes a £2.3m facility for Twisted Automotive, a vehicle engineering firm which specialises in re-engineering new and used Land Rover Defenders.
STB Commercial Finance recently announced its interim results, which revealed that lending balances had doubled over the course of 12 months to £187.5m as of 30th June 2018, up on the £94.2m recorded the previous year.
During that period, it funded more than £1bn in customer invoices.
“We have completed some excellent deals in Yorkshire recently, and we’ve seen a surge in enquiries on the back of this,” said John.
“Naturally, the next step for us was to establish an office that will allow us to maintain close contact with businesses in the region and provide a base so we can bolster our sales team.
“Paul has recently joined us, and we expect to increase headcount further later in the year.
“With established offices in the North West, Midlands and now Yorkshire, we are now in a strong position for even further expansion.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
CivilisedBank changes name
CivilisedBank has announced that it has changed its name to Allica as it prepares to launch...
Gatehouse Bank closes £100m of commercial property finance
Gatehouse Bank’s commercial real estate team has completed £100m of finance for the first time this year...
Revolut granted European banking licence
Revolut has announced that it has secured its European banking licence...
Starling hires head of SME banking
Starling Bank has announced the appointment of Stuart Doignie as its head of SME banking...
Local brewery secures backing from Development Bank of Wales
The Development Bank of Wales has part-funded a £134,000 capital investment project by Wild Horse Brewing Company...
Metro Bank adds international payments to mobile app
Metro Bank has enhanced its mobile app with the introduction of international payments for its personal and business customers...
How digital technology can help high street banks innovate
As society moves more and more towards a digital future, the closure of retail bank and building society branches is anticipated to accelerate...
Mortgage Industry Collective releases charity single
A group of mortgage professionals have collaborated to release a Christmas charity single to raise money for End Youth Homelessness...
City of London Group appoints first NED for Recognise
City of London Group PLC (COLG) has named Simon Wainwright (pictured above) as the first non-executive director for its subsidiary Recognise Financial Services...
BBB names network director for North and Midlands
The British Business Bank (BBB) has appointed Geoff Whiteland as its new UK network director for the North of England and the Midlands...
Wyelands Bank completes ABL deal for stainless steel supplier
Wyelands Bank has completed a seven-figure, asset-based lending deal for AD Bird Stainless Limited...