Written by Brian Rogerson
Wednesday, 19 December 2012 20:53
D&D Leasing UK has recently negotiated a funding facility with Conister Bank to fund D&D’s growing new business volumes.
D&D’s managing director Bill Dost explained: “The funding, which was secured with the assistance of Grant Thornton, will enable D&D Leasing to continue to do what it does best – which is to write leases for the SME/entrepreneurial sector, whilst also allowing expansion to be introduced to the product base.”
He added: “We’re excited about a long term partnership with Conister Bank. We both believe in the success of the SME/entrepreneur sector and this partnership supports us in achieving the strategic goal of becoming the leading choice of finance for this segment in the UK.”
D&D Leasing UK is a UK-based company registered in London and offering finance to entrepreneurs, and SME’s primarily through the broker channel.
“Our focus,” Dost added, “is primarily businesses with under £5m in turnover with average ticket sizes in the £15-20,000, to a max of £50,000. All assets are welcome.”
Established in 1935, Conister Bank is an Isle of Man licenced business and retail bank. Conister Bank offers a wide range of loan products to the consumer and SME market places both on the Isle of Man and in the UK. It is a member of the Finance & Leasing Association and the National Association of Commercial Finance Brokers. Conister Bank is a wholly-owned subsidiary of AIM-listed Manx Financial Group PLC. www.conisterbank.co.im
