LE Capital are thrilled to announce that Shawbrook Bank has become a key finance partner and syndicated with Paragon Banking Group PLC under the terms of its credit facility. This will increase the potential funding available to LE Capital to £60m and represents an exciting new chapter in our growth story.
LE Capital is a specialist funder which helps independent car and van dealers in the UK grow their business and has designed a product to support business cashflow.
Warren Mutch, Head of Speciality Finance at Shawbrook Bank, commented, “We are always looking to support innovative SME-lenders with a strong approach to credit risk management and unique products which enable them to grow profitably into their chosen market. As such, we are extremely pleased to be supporting George and his team over the coming months and years.”
George Stancliffe, CEO at LE Capital, commented, “It is an exciting time at LE Capital as in March we will have reached £500m in forecourt funding and this capacity will help us double that milestone in the next 12 months. Shawbrook Bank is a market leader in the UK, supporting non-bank funding specialists, so we are proud that they have recognised the strength of our market proposition.”
If you would like to speak to one of the team, please get in touch at info@LECapital.co.uk or on 0116 502 0116.
