The office, which is based in the heart of Bristol, is home to a team of business experts who provide local companies across the South West with help to manage their cashflow and fund their future growth ambitions including MBOs and MBIs, business expansion as well as the acquisition of new assets and purchasing business premises.
David Parsons, Aldermore’s regional director for the South West and Wales, said: “We’re delighted to have established a base here in Bristol and are looking forward to working closely with businesses throughout the South West and South Wales, which are important economic regions and provide an excellent base for expanding businesses.
“Our Bristol office is home to a team of local business development and client management staff who live and work in the region and who have local authority to make lending decisions on a local basis. We have a low manager to client ratio to enhance our client service and have ambitious plans to recruit further staff over the coming months.”
“Aldermore is a new generation of British challenger bank, which is championing the cause of hard-pressed business owners throughout the country.”
Adermore’s has lent £1bn to over 12,000 SME customers since it was established in 2009 and the bank’s balance sheet now stand at £2.1bn. Aldermore can help SMEs requiring funding of up to £10 million with a range of competitive invoice finance facilities which are supported by a reliable, high quality service.
Parsons added: “Business owners continue to experience tough challenges securing funding support from traditional banks, but we guarantee they will discover a fresh approach from Aldermore. Every application is assessed on its own merits and we have a ‘can do’ approach to the way in which we work with our customers.”