John Bevan

STB Commercial Finance reports 13.4% increase in lending balances

Secure Trust Bank (STB) Commercial Finance has revealed a £33.2m (13.4%) increase in its lending balances up to 30th June 2019, compared with the same period last year.

The specialist bank — which offers a full suite of asset-based lending solutions — has now provided £220.7m worth of funding to UK businesses up to 30th June 2019.

STB Commercial Finance has benefited from a larger national footprint over the last year, having opened several offices across the UK.

“Our commercial finance business has continued to perform strongly, with consecutive year-on-year growth since our inception five years ago,” said John Bevan, managing director at STB Commercial Finance (pictured above).

“The business lending market is currently a challenging space due to political uncertainties, but we have remained committed to supporting UK businesses and provided funding that will boost growth and benefit the economy.

“We are confident that we will continue this exceptional growth into the second half of the year and beyond.”

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