"We have made exceptional progress over the last four years and are well positioned to build on our success in this growing market to help close this funding gap"
Hampshire Trust Bank has relaunched its asset finance offering as a specialist business finance division.
The division has launched a new specialist business line, structured asset finance, to complement the existing core offering which will remain unchanged.
Robert Still, former Amicus Asset Finance director of business development, and Richard O'Brien who was a BDM at Amicus, will lead the structured asset finance business.
The structured asset finance business will support the existing lines and focus predominantly on re-structuring businesses debts with a typical ticket size ranging from £250,000 to £2.5m.
Jon Maycock, managing director of the specialist business finance division, said: “Despite lending bouncing back since the economic crisis of 2008 there is still a gap in availability of funding for UK SMEs. We have made exceptional progress over the last four years and are well positioned to build on our success in this growing market to help close this funding gap and ensure the future for UK SMEs. This relaunch has been implemented to broaden and develop HTB’s proposition. We are expanding into new markets and investing in specialist expertise which will drive the delivery of flexible and innovative solutions for our new and existing business partners. This strategy will help us achieve our long-term ambition of becoming the go-to bank in our chosen markets. I am pleased to welcome Robert and Richard to the team.
“This next stage in our growth trajectory sees us build on our strengths and unique market position as our team of experts and range of specialist services expand. Going forward, we are focussed on delivering excellence through specialism and truly adding value for our business partners.”