Newport-based Henry Howard Finance is launching a new commercial and property finance division, led by Head of Credit Steve Taylor, which will provide specialist advice, funding and support to businesses seeking finance for a wide range of commercial requirements. The division will offer services including commercial mortgages and property finance, crowdfunding and bridging loans.
Having worked in the UK banking and finance sector for more than 30 years, Mr Taylor has extensive experience of assisting businesses in accessing finance and supporting their plans for growth. His specialist knowledge of property development and investment finance provides an added dimension, within what has become a crowded marketplace.
“Accessing commercial finance, especially in relation to commercial property, has become increasingly challenging in recent years,” said Mr Taylor. “Increased pressure on traditional banks to tighten lending criteria, together with the growing number of alternative funding platforms becoming available, make it difficult for SMEs to navigate their way to the best deal.
“Henry Howard Finance recognises that every business has unique funding requirements and the launch of this new division both strengthens and complements our group offering. As a major lender with the addition of securely established brokerage relationships, we will now become a one-stop shop for SMEs seeking all types of financial support.”
The new division will formally launch in June and utilise a combination of own-book lending, together with a suite of commercial finance products from the market, to offer SME owners a competitive and knowledgeable, tailored finance solution.
Henry Howard Commercial and Property Finance will guide clients through the pitfalls of commercial and property finance, helping them to select a funding solution that best meets their requirements. Steve Taylor and his team will provide hands on assistance during the often tricky information gathering phase, and will prepare and package finance requests on behalf of clients to secure facilities.
Henry Howard Finance Group is one of the UK’s leading business finance providers for SMEs, supporting more than 20,000 UK businesses across a variety of sectors. In 2016 alone, HHF provided finance for more than 6,000 businesses lending in excess of £150 million. HHF currently provides financial support to over 20,000 different UK companies across a variety of sectors.