As one of the fastest growing wholesale lenders in the market, Aldermore has a dedicated wholesale finance team in place, successfully building on the wider achievements of the Bank to reach the amount in just five years.
One of the key drivers behind the achievement is the team’s ability to prioritise personal relationships and deliver flexible funding arrangements.
Over the past five years, the team has seen the requirements of UK SMEs change, with them needing larger and more complex funding solutions ranging from £1m to £40m. This increase in demand is not surprising with Aldermore’s Future Attitudes report1 finding that over a third (35%) of SMEs now believe that their finance comes from alternative lenders.
Lee Rhodes, Commercial Director Wholesale & 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.
“The team at Aldermore continues to grow in strength, following the new appointments of Mick Barber and Eamonn Pearson as Wholesale Business Development Managers. I strongly believe these new hires, combined with our dedication to service excellence and expertise, continues to really set us apart in the market.”
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Notes to Editors:
1 Research conducted by Opinium Research between 20 and 26 February 2018 with a nationally representative sample size of 1,004 senior decision makers in UK SMEs.
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