Lorenzo Migliorato, Author at Leasing Life

Bank Asset Finance

Lloyds drops financing fees for nuclear plant suppliers

Lloyds Commercial Banking has waived fees on funding for SME customers involved in the construction of Britain’s Hinkley Point C nuclear plant.

Asset-based Lending

Paragon structured lending sees first £17.5m wholesale deal

Paragon has provided a £17.5m (€20m) wholesale facility to a business loan provider in the first deal for the bank’s structured lending team.

Bank Asset Finance

Secure Trust Bank says strong Q1 SME lending, mulls capital raise

SME lending at Secure Trust Bank saw strong growth in the first four months of 2018, the bank has said, as it mulls a capital raise.

Companies

MarketInvoice hires ex-Aldermore and Bibby executive for Midlands

MarketInvoice has appointed a former business development manager at Aldermore and Bibby to head up regional expansion from the company’s Birmingham offices.

Companies

Santander discloses £91m bad debt from Carillion reverse factoring

Santander UK’s impairment from the Carillion reverse factoring scheme totalled £91m (€103m), a letter from the bank to British MPs has revealed, along with details on how the scheme operated.

Brokers

Fleet advisory Puddy launches asset finance brokerage

Fleet advisory Puddy Vehicles Solutions (PVS) has launched a brokerage business for fleets, as well as other wheeled assets and plant and machinery.

News

FLA: Asset finance business down 5% in March

Asset finance new business fell 5% year-on-year in March to £3.3bn, with IT equipment recording a particularly steep fall, figures from the Finance and Leasing Association have shown.