SME finance expert joins ThinCats’ North-West team
ThinCats has announced a senior hire to cover the North West region.
Richard Lamb joins ThinCats to lead new business origination throughout the North West, after nearly a decade as relationship director at NatWest, and having been in corporate banking since 1992. He joins the company’s growing team of experienced bankers who have turned to specialising in alternative finance.
Richard’s brief at ThinCats is to support the structuring of lending facilities for growing and ambitious SMEs across the region. He will specialise in senior secured loans from £100k- £10m for funding growth, acquisitions, refinancing and restructuring of debt.
Damon Walford, chief development officer at ThinCats, said:
“We’re extremely pleased to have Richard on board. He joins us after three decades of being embedded in the North West SME economy, giving meaningful advice and helping business owners make informed decisions to improve company performance and support growth. He is able to draw on vast experience in supporting SMEs with management buy-outs and buy-ins, alongside growth funding and turnaround situations to help businesses return to financial health.
“I have spent my career working with SME businesses. With the changing landscape seen in the UK funding markets over the last 10 years there is an increasing need for borrowers to have access to alternative sources of finance to those traditionally provided by the banks. I am delighted to be joining ThinCats and providing businesses in the North West with a true alternative finance provider, dedicated to funding growing and ambitious SMEs.”