Wesleyan Bank, a specialist provider of commercial finance solutions and part of Wesleyan Group, and DND Finance announce the expansion of their existing wholesale finance facility to include asset finance.
DND Finance is a 19-year-old Canadian-founded operation and a niche funder to professions and small business in the United Kingdom. The company has been established in the UK for 10 years providing finance across the business loan, vehicle, equipment finance and leasing markets. DND has also recently expanded into the charge card market, offering a Visa solution to both corporates and individuals.
The facility expands on the already operating Professions Loan facility agreed between DND Finance and Wesleyan Bank last year.
“I believe this speaks to Wesleyan Banks’ confidence in us and our ability to serve the SME marketplace. It will also now allow us to provide some fantastic Asset Finance Solutions to the same marketplace,” said Rev. Dr. K. Bill Dost, Group CEO of DND Finance.
Wesleyan Bank has over 25 years’ experience in the equipment finance and professional loans market. Entering the wholesale finance market is part of a series of “strategic initiatives to support the bank’s ambitious growth plans,” said Sean Read, Director of Operations at Wesleyan Bank.
DND Finance, a Division of D&D Leasing UK Ltd., a multi-national finance company, was founded by Group CEO Rev. Dr. K. Bill Dost, in 2000 to fund the underserved SME arena in Canada and expanded to the UK in 2009.
