Philip Reynolds

Brokerage Newable Finance enters the market

Money advisers Newable has launched its regional brokerage and advisory service, Newable Finance, to support businesses across the UK.

Newable Finance will provide a bespoke service for SMEs and property-backed businesses that are typically looking to borrow up to £3m. 

It will offer specialist advice and access to high street, specialist, and introducer-only lenders.

The brokerage will have key hubs in London, Epsom, Manchester, Bristol, and Yorkshire, and will be led by Philip Reynolds (pictured above) as managing director.

Newable Finance is also brokering external loans under the Coronavirus Business Interruption Loan Scheme (CBILS), working with a panel of CBILS-accredited lenders.

It is not currently underwriting its own CBILS loans.

Philip said: “We have launched Newable Finance as we felt that there was a shortage of advisors in the market who can represent SME interests well to a broad spectrum of lenders.  

“The lending landscape for SMEs is becoming increasingly complex, with many nuances, particularly at regional level, that can take significant time to unpick, unless you have the right expertise and experience."

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