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Commercial Credit News
Lloyds appoints head of trade
Wednesday, 23 August 2017
Lloyds Bank Commercial Banking has appointed a new SME head of trade for its Global Transaction Banking (GTB) division. 
Bibby Financial Services Supports Greenline with $1M Factoring Facility
Wednesday, 23 August 2017
Bibby Financial Services (BFS) today announced a $1 million factoring facility delivered to Greenline, an emerging market retail service provider with offices in Las Vegas, Nevada and Stockton, California.  Referred by brand partners who are also former BFS clients, Greenline selected BFS as its lender to facilitate the growth of its current brand partners, strengthen its strategic retail connections and broaden its e-commerce networks. The support from BFS enables Greenline to acquire new brands for worldwide development and to drive its financial growth at an accelerated pace.
Veterans handyman business marches towards success
Wednesday, 23 August 2017
A handyman service which employs ex-Forces veterans has received a £250,000 commercial finance facility from Bibby Financial Services (BFS).  
Amicus Property Finance completes loan for two office to residential schemes in Preston
Wednesday, 23 August 2017
Amicus Property Finance, the specialist short term property lender, today announces that it has completed a deal with property developers, the Ladson Group, to purchase two previously council-owned commercial buildings in the heart of Preston city centre. 
ASTL appoints new executive committee
Tuesday, 22 August 2017
The Association of Short Term Lenders (ASTL) has today announced its new executive committee for the upcoming year. The new board will take effect as of the 1st September 2017.  The board will continue to comprise seven directors who will act as a guiding influence, while providing direction and decision making to the Association. 
Independent Growth Finance constructs £200k funding line for Rubico
Monday, 21 August 2017
IGF, the leading commercial finance provider for SMEs, has delivered a £200k invoice finance facility for Lincolnshire-based construction and maintenance firm Rubico. 
Emma Ryan joins Octopus
Monday, 21 August 2017
Emma Ryan has joined Octopus Property as its new head of servicing and legal.
New appointment: Siemens Financial Services
Friday, 18 August 2017
Julian Hobbs has been appointed as CEO of the UK Commercial Finance business of Siemens Financial Services Ltd, and accordingly to the Board position of CEO of Siemens Financial Services Limited. 
Retail results show online food sales are eating traditional supermarkets’ lunch
Friday, 18 August 2017
July’s Office of National Statistics (ONS) retail results, released today, reveal online food spending was up nearly 14% YOY. This makes online food sales worth 5.3% of all UK consumer spending. Responding to these figures the e-commerce home delivery experts Fastlane International say this shows UK High Street supermarkets now are now under threat.  
Manufacturing hits record highs in UK business confidence
Friday, 18 August 2017
Manufacturing continues as the principle driving force behind business confidence in the UK, according to the latest results (Q2 2017) from the UK’s Credit Managers’ Index (CMI), the quarterly barometer from the Chartered Institute of Credit Management (CICM).
Ashley Finance bridging team lends £1.7m in record breaking month
Thursday, 17 August 2017
Manchester based, SME bridging specialists, Ashley Finance saw a record breaking month in July, with payouts totalling £1,769,000. This figure has more than doubled compared to July 2016, in which the total funds lent amounted to £526,945.
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