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Equipment Finance News Aldermore wholesale and structured lending team hits £1bn funding mark Published: 19th November 2018 Share Aldermore, the specialist bank, has reached a lending landmark after delivering more than £1 billion worth of wholesale and structured funding. The achievement comes after the business launched a dedicated team in 2014. The business said one of the key drivers behind the achievement is the team’s ability to prioritise personal relationships and deliver flexible funding arrangements. Aldermore’s Future Attitudes report found that more than one-third (35%) of SMEs now believe that their finance comes from alternative lenders. Established in 2009, Aldermore has grown significantly with lending to customers reaching £9 billion at the end of June 2018. It serves customers and intermediary partners online, by phone and face-to-face through its network of regional offices throughout the UK. In March 2018, Aldermore became part of FirstRand Group, one of South Africa’s largest financial services institutions. Lee Rhodes, commercial director wholesale and structured finance at Aldermore said: “To achieve such a significant landmark in a short space of time really demonstrates our backing for these types of products into the independent leasing and bridging markets, as well as our other activities in supporting vendors and clients directly in achieving their ambitions.” Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories Corporate Member NewsGrenke partners with IUI Global to strengthen service offerings NewsTransport UK London Bus expands electric fleet NewsPACCAR reports strong Q3 revenues and profits Equipment Finance
