The invoice finance team, which is led by Martin Guildford, Regional Director, currently comprises 9 staff: 5 sales and 4 relationship personnel, who service clients based throughout the eastern counties. The new team is located in Aldermore's Peterborough head office which also accommodates commercial mortgages, retail and SME savings teams and which has created employment for more than 100 personnel since the Bank first opened its doors for business in 2009.
Martin Guildford said: "The East of England has a thriving business community based in a broad range of industries ranging from manufacturing, food and drink to recruitment, energy, agriculture and hi-tech industries. About two-thirds of our existing customers in the region are typical small and medium sized businesses with a turnover of up to £10 million.
"As business owners are looking for the economy to pull out of recession, so they are eager to find ways to strengthen their cashflow and finance their future expansion. That is precisely what Aldermore can help them do and, contrary to the view that banks are unwilling to lend, I can confirm that we have plenty of funding available and are more than happy to work with businesses to create a sensible financial solution for their needs."
Unlike larger corporate banks, Aldermore has local teams of managers authorised to make lending decisions based on their knowledge of the region. Each application is assessed on its own merits and clients have direct access to local staff who they can talk to about their finances on a daily basis.
Aldermore has lent more than £2 billion (a combination of commercial mortgages, residential mortgages, asset finance and invoice finance) since first opening its doors for business in the summer of 2009. Aldermore has approximately 12,000 SME customers and has increased its business client base by 52% during the past year, at a time when many other banks have been scaling back their SME lending activities.
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.