ThinCats appoints new business development director for the North West
ThinCats, the leading alternative finance provider to mid-sized SMEs, has announced today an appointment to bolster its presence in the North West, with Mike Dinnell joining as director of regional business development.
Mike brings a wealth of experience in the banking and finance industry, having previously worked at Bank of Scotland and Lloyds Banking Group. He joins ThinCats from Allied Irish Bank where he has spent the last five years as a senior relationship manager covering commercial businesses in the £1m to £30m turnover space.
With business development director Dave Parr already in situ, Mike’s addition represents ThinCats’ commitment to funding in the region and its recognition that the area is a key location for ambitious and growing mid-sized SMEs. Mike will play a key role in servicing the increasing levels of demand for funding to support the growth of SMEs across the North West, working with the regional team to build relationships within the local business finance community.
ThinCats is also accredited under the British Business Bank’s Recovery Loan Scheme (RLS) and recently announced a significant strategic investment of £160m from Wafra Capital Partners (WCP). The investment from WCP, alongside senior bank and institutional funding, enables ThinCats to lend a further £2bn over the next few years.
Mike Dinnell, director of regional business development for the North West: “I’m delighted to be joining the North West team at ThinCats. There’s currently a lot of demand for finance to support acquisitions and buyouts, I’m keen to hit the ground running and support the work ThinCats do with SMEs.”
Mike Hackett, head of business development, said: “It’s great to welcome Mike to the team as we continue to expand in the North West. Alternative lenders like ThinCats are continuing to play a growing and strong role to support the needs of SMEs. Mike will be helping us to lead the charge across the region.”