Secure Trust Bank : celebrates as Leeds team surpasses £125m in new lending

Secure Trust Bank's Yorkshire and North East Commercial Finance team has surpassed £125m in lending to support business across the region, having been established for just two years.

Since opening its doors in late 2018, the team, based in Leeds, has provided in excess of £100m in asset-based lending to companies across a number of sectors including automotive, pharmaceutical, food & drink and manufacturing, with an additional £21m being offered in CBILS support since March 2020.

Clients include The Lakes Distillery, an award-winning whisky maker with an artistic ethos, which received a full asset-based lending facility to help triple annual production. Support was also provided to Twisted Automotive, a specialist in re-engineering Land Rover Defenders favoured by celebrity petrol heads including Jamie Oliver and royalty around the world, which received a bespoke finance facility.

Secure Trust Bank most recently supported British Steel with a significant bilateral receivables facility to support the expansion of the leading European steel manufacturer as it looks to expand production and sales over the coming months.

The Commercial Finance division of the bank was one of the first alternative lenders accredited for the larger CLBILS loan scheme by the British Business Bank and also offers the smaller CBILS facility.

John Gribbon, Regional Managing Director at Secure Trust Bank Commercial Finance, explains: 'We opened our Leeds office in 2018 because we knew of the outstanding entrepreneurial spirit in the Yorkshire and North East regions, and wanted to provide support to enable growth. In each deal we've completed, we've worked closely with our clients to gain an in-depth understanding of their business and used our experience and insight to ensure we're carving out deals that are designed to meet their needs.

'The past two years have given us an opportunity to get closer to many interesting and innovative businesses across both Yorkshire and the North East, and better understand the markets within which they operate. We've worked hard to establish our own name and engage with our network of trusted and influential friends across the professional community, and with their help, we're very proud to have reached this significant milestone and look forward to continued combined success.'