Commercial finance firm doubles lending
The commercial finance arm of listed Secure Trust Bank has doubled its lending balances over the last 12 months, funding in excess of £1bn in customer invoices during that period.
The firm’s interim financial results show that lending balances have risen to £187.5m in the year to 30 June 2018, up on the £94.2m seen the previous year.
Secure Trust Bank said that the growth has enabled the firm to focus on expansion across the UK regions. It is set to open a Leeds site later this year.
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