Commercial Finance

LE Capital expands into Northern Ireland

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LE Capital, a provider of stock funding solutions for used car dealerships, has announced its expansion into Northern Ireland.

The move enables independent and franchise used car dealerships across Northern Ireland to access facilities ranging from £50,000 to £1 million, helping businesses grow, improve access to stock, and remain competitive in an evolving market.

This latest expansion follows a major transaction in January, in which the British Business Bank, through its ENABLE Guarantees programme, supported a £100 million senior facility provided by Paragon Bank to LE Capital. The transaction has significantly increased LE Capital’s funding capacity and market reach across the UK, paving the way for its entry into Northern Ireland.

George Stancliffe, CEO of LE Capital, commented: “Northern Ireland’s used car market is full of ambition and potential.

“This expansion is about enabling growth, improving access to stock, and helping dealers stay ahead of market trends. With the continued support of Paragon Bank, and as a proud delivery partner of the British Business Bank, LE Capital is entering an exciting new phase of growth.”

Michael Strevens, Managing Director, Structured FI Solutions, added: “LE Capital’s expansion into Northern Ireland is hugely positive news for the automotive sector in the area, and one we’re pleased to support.

“We look forward to seeing the ENABLE Guarantee supporting small businesses in the region and helping them realise their ambition and potential in the sector.”

Jamie Pickering, Paragon Bank, Structured Lending Joint Managing Director, said:

“LE Capital is seeing excellent opportunities for growth across the UK, and we are delighted to further increase our facility to support its expansion into Northern Ireland.”

With this expansion, LE Capital is now actively onboarding dealerships in Northern Ireland, offering dedicated regional support to ensure dealers benefit from responsive, tailored service.