Secure Trust Bank joins SME Finance Charter to underline commitment to lending
Secure Trust Bank Group has joined the governments’ SME Finance Charter, making a commitment to support SME customers through Brexit and beyond and help ensure that the market continues to work effectively.
The charter is a voluntary agreement led by the Business Finance Council which is in collaboration with finance providers, business organisations and the government. A range of lenders have signed the charter which includes five broad aims with personalised commitments from each lender.
By signing up to the charter, Secure Trust Bank has pledged to support its business finance customers, incorporating its Commercial Finance and Real Estate Finance divisions. This includes providing dedicated regionally based relationship managers for its clients who will be actively engaged in helping customers prepare for Brexit. The firm also aims to continue growing its lending to UK businesses, following its net lending growth of 15% in the year to end June 2019.
Secure Trust Bank provides a range of business finance including asset-based lending and funding for property development. Established in 1952, the firm currently supports 1.4m customers while employing over 950 staff across the UK.
Paul Lynam, chief executive at Secure Trust Bank, said: “We are proud to have signed the SME Finance Charter which highlights our ongoing support to businesses across the UK. SMEs are vital for our economy and need our support to feel knowledgeable about future lending given the inevitable significant change that is looming. As a specialist lender, we are committed to helping firms prepare for Brexit and beyond and we will be providing funding assistance to make sure they feel supported.”