Simply Asset Finance’s Northern Ireland office has achieved a landmark in loan origination, exceeding £100 million.
- The Belfast branch has played a pivotal role since its inception in 2019, facilitating over 1,800 loan agreements.
- Supporting more than 700 small and medium enterprises, the office has helped businesses acquire upwards of 2,900 assets.
- The office’s success is partly due to its collaborations with the British Business Bank, involving CBILS, RLS, and GGS loans.
- The enterprise continues to expand with a dedicated team fostering local business growth and economic resilience.
Simply Asset Finance’s Northern Ireland office proudly announced surpassing the £100 million mark in total loan origination. Since it began operations in May 2019, the Belfast office has been instrumental in assisting over 700 small and medium-sized enterprises (SMEs) across Northern Ireland. A remarkable 1,800 loan agreements have been facilitated, aiding businesses in acquiring more than 2,900 assets to fuel their growth.
This accomplishment has not happened in isolation. The office’s substantial achievements are interconnected with strategic collaborations with the British Business Bank. These partnerships have positioned Simply Asset Finance as a key accredited lender under important schemes such as the Coronavirus Business Interruption Loan Scheme (CBILS), the Recovery Loan Scheme (RLS), and the Growth Guarantee Scheme (GGS). Through these schemes, the company has been able to deploy targeted, quality lending solutions to businesses, supporting their expansion and resilience against challenges.
Gary Coburn, head of sales in Northern Ireland for Simply Asset Finance, emphasised the robustness and growth potential of Northern Irish SMEs. “We’re seeing fantastic growth opportunities for SMEs across Northern Ireland,” he stated. Despite challenges like Brexit and the absence of a functioning Northern Ireland Executive, these enterprises have remained remarkably adaptable. Coburn further observed that Simply Asset Finance is committed to offering tailored lending solutions enabling SMEs to thrive and propel the economy.
The team at Simply Asset Finance has expanded to six members to bolster its service capabilities. These professionals include sales representatives and broker development managers who work closely with local customers and brokers. Mike Randall, CEO of Simply Asset Finance, remarked on the significant progress made, attributing it to a deep understanding of local business needs and aspirations through close collaboration with brokers and direct engagement with clients.
Randall expressed optimism about the future, highlighting the excitement within the company about further regional expansion. He reiterated Simply Asset Finance’s dedication to supporting businesses as they grow, echoing the broader company ethos of fostering business advancement in Northern Ireland.
Simply Asset Finance’s ongoing efforts continue to contribute significantly to the resilience and growth of Northern Ireland’s business sector.
