Metro Bank launches new SME Finance service
Launch follows acquisition of SME Invoice Finance and Asset Finance in 2013
Recently-launched high street bank Metro Bank today announced the launch of Metro Bank SME Finance, a new invoice and asset financing platform for small businesses.
Created following the bank’s acquisition of SME Invoice Finance and Asset Finance in August 2013, the Metro Bank SME Finance brand will offer a range of lending services to small firms, allowing them to borrow against unpaid invoices and assets.
Founded in 2010, Metro Bank is the UK’s first high street bank to be granted a licence by the Financial Services Authority in more than 150 years.
It was founded with the intention of creating a revolution in British banking, with seven-day-a-week opening hours, on-the-spot account opening and a ‘dogs welcome’ policy.
John Wilde, director at Metro Bank SME Finance, said: “We’re delighted to be launching the new Metro Bank SME Finance brand and accompanying website.
“The creation of Metro Bank SME Finance is a significant milestone for us following a successful first year of integration, as it enables us to deliver an enhanced proposition to our customers, backed up by amazing service.”
Jason Oakley, managing director of commercial banking at Metro Bank, added: “At Metro Bank, our customers and their needs always come first, and Metro Bank SME Finance further strengthens our offering to business customers.
“As a champion of small businesses and entrepreneurs, we have both a strong appetite to lend and are committed to delivering fast, flexible funding with unparalleled levels of service.”