Approved Finance Group has launched Approved Property Finance, a division designed to support small and medium sized enterprises (SMEs) with expansion plans and business growth.
The specialist property division was formed to support businesses looking to expand existing premises or launch new sites.
The division was launched to complement the group’s other offerings, including asset finance, motor finance and R&D tax credits.
Approved Property Finance is dedicated to funding support for business through products including bridging loans, commercial mortgages and development finance.
Approved Property Finance is headed up by property finance broker Laurie Baugh (pictured) as managing director, and has already secured £5m of funding in its first few weeks.
The firm outlined a growth target of an additional £30m by Q4 of 2023 for new and existing clients within the group.
Baugh said: “We saw that many of our clients needed property finance products as they looked to establish their businesses further.
“Many of the businesses we work with are at a pivotal stage in their growth where they may be looking to establish a base of operations, expand their current premises or grow the business into new areas.
“Our construction sector clients also regularly look to acquire or develop commercial properties as well as take advantage of investment opportunities.
“Property finance products can also be used to effectively leverage current assets for growth and profitability.”
He continued: “With our extensive lender access and product knowledge, we’re able to match clients with the most suitable lenders and products to their specific needs.
“This ensures competitive rates, favourable terms, and optimal financing options for bridging, commercial property, and development finance.”
Rory Dunn, managing director of the Approved Group, added: “Approved Property Finance is an exciting development for the Approved Finance Group.
“We have been facilitating property finance for our clients for over four years, but this dedicated division with its team of property finance specialists demonstrates our commitment to providing best-in-class solutions to our clients.
“With the rapidly changing lending landscape, it has never been more important for borrowers to utilise the services of an experienced team when reviewing their funding options.
“The Approved Property Finance team is on hand to take the stress out of property finance and feedback so far has been outstanding.”
