Santander partners with Propel Finance to help businesses grow with asset finance
Santander Corporate and Commercial Banking has partnered with Propel Finance to provide asset finance to its clients.
The partnership builds on Santander’s relationship, sector and international expertise, supporting its growing portfolio of SME, mid-sized, and large corporate clients. Through the collaboration, Santander customers will have access to a range of asset finance options to support investment in business-critical equipment including plant & machinery, transport, construction, engineering, technology, and other assets. Santander clients will be supported by Propel’s bespoke technology platform and experienced team, alongside the bank’s team of dedicated relationship managers.
The partnership responds to strong demand for market-leading asset finance, enabling businesses to access competitive funding arrangements to support critical business investment and achieve their growth ambitions.
John Baldwin, CEO, Santander Corporate and Commercial Banking, said: “We are pleased to be partnering with Propel to offer our clients asset finance-based solutions for their businesses. Growing businesses are crucial to the UK’s economy and asset finance is a key growth enabler, helping firms to invest in equipment and technology through flexible funding options. By combining our relationship-led approach with Propel’s specialist expertise and technology, we are broadening the support we provide to help our clients achieve their ambitions.”
Mark Catton, CEO at Propel Finance, said: “This partnership reflects our shared commitment to supporting British businesses with the financial solutions they need to invest, grow and compete. Santander CCB has an outstanding reputation for supporting corporate and commercial customers with local and global banking, and we’re delighted to bring our innovative asset finance proposition to their customer base.”
“Being chosen by Santander is brilliant endorsement for the Propel team, our credentials as a leader in UK asset finance, and the investment we have made in our technology platform to enable significant scale.”