As a specialist provider of commercial finance solutions this year has seen Wesleyan Bank more than doubled our acquisition funding across the professions sectors, with notable success gained in the dental industry following significant demand for long-term lending products.
In addition to offering bespoke solutions to doctors, dentists and lawyers, in 2018 Wesleyan Bank has made rapid inroads into adjacent medical markets, which include the pharmacy, veterinary and accountancy sectors.
Furthermore, the Bank continues to see growth in all of its major product lines such as partner equity loans, asset finance and short-term cash flow solutions.
The company has recently attracted excellent talent with the appointments of Director of Sales and Marketing, Simon Welling, and Head of Indirect Sales, David Brownbill, who between them boast over 50 years’ experience in a variety of senior corporate and asset finance positions.
Furthermore, Wesleyan Bank’s new digital commercial portal offers its customers a simple and flexible way to secure short-term working capital funding to cover critical business expenses, such as tax bills, practising certificates and professional indemnity insurance.
Steve Deutsch, Chief Executive of Wesleyan Bank, comments, “It’s been an incredible journey since the Bank’s formation 25 years ago. In the last few years, we have strengthened our management team, launched new products and banking systems and acquired complementary businesses to improve our services to customers.
“Our success has seen us evolve into a multi award-winning company with a growing and diversifying balance sheet and 120 dedicated staff.”
“This year we are enjoying strong growth within our core markets and rapid expansion into new ones due to the high demand for our specialist finance solutions, deep expertise and sector experience. With a clear, customer focused strategy and continued investment into our people and systems, we are looking forward to the future with much optimism.”
Established in 1993, Wesleyan Bank provides tailored commercial finance solutions to UK professions and SMEs. These comprise short, medium and long-term loans to cover cash flow expenditure, partner equity loans, business acquisitions, commercial mortgages as well as investments in IT and specialist equipment.
Wesleyan Bank is a subsidiary of specialist financial services mutual Wesleyan Assurance Society, which has over £7 billion of assets under management.