Aldermore has recruited a specialist team for invoice finance, based in its Peterborough Head Office.
The invoice finance team, which is led by Martin Guildford, regional director, consists of nine staff: five sales and four relationship personnel, who service clients based throughout the eastern counties.
The head office also accommodates commmercial mortgages, retail and SME savings teams and which has created employment for more than 100 personnel since the Bank first opened its doors for business in 2009.
Guildford said: “The East of England has a thriving business community based in a broad range of industries ranging from manufacturing, food and drink to recruitment, energy, agriculture and hi-tec industries. About two-thirds of our existing customers in the region are typical small and medium sized businesses with a turnover of up to £10 million.
“As business owners are looking for the economy to pull out of recession, so they are eager to find ways to strengthen their cashflow and finance their future expansion. That is precisely what Aldermore can help them do and, contrary to the view that banks are unwilling to lend, I can confirm that we have plenty of funding available and are more than happy to work with businesses to create a sensible financial solution for their needs.”