Simply Asset Finance
British Business Bank programme: ENABLE Funding
Simply Asset Finance is an innovative company with a wealth of experience in the Asset Finance sector.
Founded by a team of industry specialists with a collective experience of over 200 years, they recognised the need to move away from traditional methods to provide customers with a better and simpler financial experience.
Simply Asset Finance is a non-bank lender, led by Mike Randall and backed by the investor Cabot Square Capital. In the short time since it was established, the firm has already arranged more than £120m of financing across a variety of sectors – including manufacturing, construction, transport and recycling.
The business focuses on its customers’ requirements and understands the day to day challenges that businesses face. By recognising the importance of quick decisions and how vital it can be to receive funds promptly and, by developing long term friendships with their customers, Simply Asset Finance maintains a thorough understanding of their business and its future goals.
Through the removal of unnecessary administrative procedures and the utilisation of advanced technology systems, they can provide customers with a fast, efficient service, while dedicated support teams guide customers through the Asset Finance process.
Mike Randall, CEO, Simply Asset Finance: “The funding from the British Business Bank will allow us to further support those businesses that are looking to invest in the future, and consequently drive the country’s growth. We’ve long recognised the need to provide customers with a better, simpler, transparent and more agile financial experience.
“Many of our clients just do not want to deal with large corporate lenders and banks. Our ethos – which echoes that of the British Business Bank – is simple: we want to help organisations unlock the best funding solution for their businesses and generate more working capital. We are delighted to agree this facility and look forward to working with the Bank long term.”