Newable Finance sources £86m lending in first trading year
Newable Finance, the specialist brokerage and advisory service arm of Newable, has sourced £86m of debt in its first full year of trading, reflecting strong appetite for its services that help SMEs navigate the increasingly complex lending landscape.
The majority of finance has been sourced for the property sector including bridging and development finance, auction finance, commercial mortgages and buy to let portfolio finance.
Newable Finance typically sources lending for SMEs and property-backed businesses that are typically looking to borrow up to £10m, with access to over 150 lenders ranging from high street to specialist and introducer-only.
Phil Reynolds, managing director of Newable Finance, comments:
Despite the challenges associated with the pandemic, we have enjoyed a strong first year, supporting SMEs with their lending requirements across the UK. Bricks & mortar remains an attractive asset class, with many people looking to start or scale up their projects and portfolios.
Throughout the year transactions have been made nationwide, with London being the most popular region for enquiries for both commercial and residential bridging.
Newable Finance is part of Newable, a multi-faceted business that supports SMEs at every stage of their business development through the provision of Money, Workspace and Advice, helping over 43,000 businesses each year thrive.
About Newable Finance
Newable Finance is a UK finance broker dedicated to finding the right finance solutions for SMEs and property backed businesses across the UK and in every sector.
Being able to access the right funding when it is needed is a critical part of the growth journey of your business. Newable Finance can provide you with the independent perspective, whole of market reach and the depth of experience to secure the fast and flexible finance required to deliver your growth ambitions.
Newable Commercial Finance Limited trading as Newable Finance is registered in England and Wales. Registration number: 07474588. Newable Commercial Finance is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 723703 | Data Protection number: Z6663758. Newable Commercial Finance is a finance broker, not a lender. Not all products offered by Newable Commercial Finance are regulated by the Financial Conduct Authority.