New figures released by the Finance & Leasing Association (FLA) show growth in asset finance new business (primarily leasing and hire purchase) of 12% in 2015 – the market’s second consecutive year of double-digit growth. The value of new business in December 2015 was up by 18% compared with the same month in 2014. New finance for commercial vehicles grew by 42% in December, and...Read More
Telecoms financing company Lease Telecom announces its collaboration with EE handset and airtime distributor, Mainline. The partnership was sealed prior to Mainline’s autumn conference, and is a move that will offer Mainline partners a fast and risk-free approach to funding smart devices. “We are delighted to be able to offer Mainline and its partners an avenue for financing their telecoms equipment”, says Simon Fabb, Director at Lease Telecom. “As partnerships...Read More
In a piece in CityA.M. in the Entrepreneurs Section, Mike Francis, head of Asset Finance at Investec is dismayed that the High Street banks don’t have the confidence to lend SMEs the money they need, so business owners end up trying to fund their companies’ growth on overdrafts and credit cards, storing up trouble for when the next downturn comes or not proceeding with the...Read More
