During the past few years of credit crunch and recession, the UK banking system has come under fire for the mis-selling of PPI and the free reign of lending. They had to tighten their belts when it came to lending and the effects have ricocheted around the country, putting companies under incredible strain and some, out of business.
Aldermore was one of the first brave new banks to be created during the economic slow down. Their fresh approach to banking includes straight forward financial products. No messing around. They use tradition banking to raise deposits from customers and lend to homeowners and small to medium businesses.
Aldermore realises the importance of small to medium sized businesses in the economy and happily put together funding packages to help them continue trading and grow. Recently Aldermore has included invoice financing and asset financing in their portfolio as they realise how important it is to offer SMEs alternative funding that can offer capital in a short space of time.
Ian Flaxman, Head of Structured Finance at Adlermore said “There is no doubt that British firms are finding it increasingly difficult to secure finance with a single funding partner which will enable them to leverage the value of their balance sheets.
“Aldermore’s new structured finance team will be developing an integrated asset-based lending solution for SMEs. I look forward to announcing further details about our proposition during 2012.”
Iain Wilkins, Group Managing Director of Commercial Finance added
“I’m delighted to welcome Ian, Simon and Peter to Aldermore.
“The Structured Finance team will play a strategically important role in enabling Aldermore to deliver an end-to-end finance proposition for British businesses. I have no doubt that the team’s extensive experience will enable them make a significant impact and I wish them every success for the future.”