All articles by Brian Cantwell

IGF appoints commercial managing director

Commercial finance business Independent Growth Finance (IGF) has appointed a managing director to lead its commercial business.

Hitachi Capital appoints SVA as a remarketing partner

Hitachi Capital Vehicle Solutions has appointed Shoreham Vehicle Auctions (SVA) as its latest car and van remarketing partner.

Industry celebrates two-year campaign to clarify definitions

Barclays provides £500m SME fund, tightens credit underwriting

Barclays has provided £500m to SMEs as part of the Northern Powerhouse scheme, but is tightening its lending criteria in the face of ongoing Brexit uncertainty, according to its chief executive Jes Staley.

Leasing and motor finance tech firm Dealflo bought for £41m

Dealflo, a provider of identity verification and end-to-end financial agreement automation to motor finance and leasing markets, was bought by US firm OneSpan for £41m (€46.76m).

Leaseurope: EC mobility plan lacks clarity on access to in-car data

Leaseurope has said the EC’s third legislative Mobility Package, which covers a wide range of topics, including connected and automated driving, lacks clarity on access to in-car data.

Raphaels Finance exits leasing and motor finance lending

Southampton-based UK lender Raphaels Finance has exited the asset finance and motor finance market with immediate effect.

Paragon asset finance business doubles its lending to SMEs

Paragon Banking Group’s asset finance lending into small and medium-sized UK businesses in H1 2018 was up 54% to £164m compared with the same period last year.

PCF Bank profits hit £2.1m as it targets prime lending

PCF Bank profit before tax was up 20% to £2.1 million for the six months ending March 31 this year, (2017: £1.7 million) as it targeted prime lending.

BBI provides £12m to Universal Leasing

British Business Investments, the commercial arm of the British Business Bank, is investing £12m into North West-based Universal Leasing, an independent asset finance specialist which trades under the ‘Admiral Leasing’ brand.