The specialist business funding provider Beacon Asset Finance has rolled out access to a new range of funding options for its business customers thanks to new arrangements with three of the nation’s best known lenders.
The Midlands-based company, which helps SMEs access funding for investment and growth, now has become an introducer for one of the UK’s largest lenders, Lloyds Bank, as well as the recent entrant to the market, Metro Bank, and specialist lender Ultimate Finance.
On big purchases above £100,000 it can now beat even the most well-known High Street banks
Along with its existing panel of lenders – which includes Aldermore, Hitachi and Funding Circle – it can now offer a range of funding options for high-value purchases that’s more competitive than ever before. On big purchases above £100,000 it can now beat even the most well-known High Street banks, as MD of Beacon Asset Finance, Ben Guy, explains.
“This news means better deals and easier access to finance for firms looking to grow and invest. It’s the culmination of months of negotiation, and we can now introduce companies in all sectors to lenders with some of the most competitive deals and bespoke finance terms on the market – especially on six and seven-figure capital purchases.
“Business is constantly changing, and so are the options for funding big purchases or investing in growth. We specialise in giving our customers the widest possible choice and helping them choose the right funding option to suit their needs. These new partnerships are just the latest example of us putting this into practise.”
Beacon has secured more than £100m in funding for SMEs since it was incorporated in 2005. Beacon’s broker team was bolstered earlier this year when Ian Davies joined as its new business development manager, bringing with him more than two decades’ experience in financial services.
Beacon has been based in the Midlands since it was founded in 2005, recently moving into new offices in Broad Street, Hereford.