Growth Lending, which specialises in growth funding, working capital and acquisition finance, continues to grow its nationwide presence with the addition of principal Kelvin Thomas and business development manager Michael Collins.
Following significant growth during 2021, in which Growth Lending provided £80m under the government’s CBILS and RLS initiatives, the alternative finance provider will aim to double in size during 2022, bolstered by its two newest lending experts.
Kelvin joins the firm’s Bristol office, bringing with him more than 25 years’ experience in ABL and receivables finance. Having previously occupied senior roles at both bank-owned and independent funders, he will now be instrumental in the delivery of Growth Lending’s funding support to businesses in the south west and Wales.
Michael will operate out of the Growth Lending Leeds office, occupying a hybrid role across both Growth Lending and its sister company BOOST&Co, which already has a presence in the city. He will focus on working alongside businesses in Yorkshire and the north east, as well as honing the co-lenders’ collaborative approach, to enable growing firms to access funding for the full business lifecycle through one single point of contact.
“Having such talent join our deal team so early in the year is testament to the growth ambitions we have for Growth Lending in 2022,” says managing director Lauren Couch. “We know that there are excellent businesses across the UK that can benefit from our fast and flexible approach to lending – growing our team means that we can support more of these organisations than ever before.”
A strengthened presence in the south west and Yorkshire aligns with the firm’s strategy of a nationwide approach to business lending, following the establishment of a Growth Lending north west office midway through 2021. The expert lending team will be focused on delivering tailored facilities for a variety of purposes including M&A, MBO/MBI, growth funding and cash flow financing.