The newly created role of deputy managing director of SME lending will see Phil Hughes assist in delivering the division’s strategic objectives

The bank has hired a head of asset finance sales and two area directors.

Jess has held business development manager roles at Lombard Asset Finance, Crystal Business Finance and Lease UK.

The service helps a range of organisations meet individual objectives.

14% of all SMEs using finance are worried about repaying.

More than 20% of brokers said conditions have worsened.

The PRA is replacing the SME Supporting Factor with a new SME lending adjustment for banks.

H1 2024 saw regional lending growth strongest in the East Midlands and North West. 

The LSB will require lenders to carry out annual checks on the status of a personal guarantee.

Andy Walton, protection proposition director at Mortgage Advice Bureau, discusses why business protection is a must-have in today’s economic climate.