The relationship managers form a network that will ultimately span the whole country, and will help to identify creditworthy businesses that require finance to become more productive and grow.
By visiting and speaking to businesses in person, the relationship managers will make RateSetter more accessible to companies and their advisers and also ensure that our specialist underwriters get a thorough understanding of our business borrowers.
RateSetter has now lent more than £250m to businesses across the UK, but we believe that small and medium sized enterprises (often called 'SMEs') are still significantly underserved.
The new managers, and their respective regions, are:
Andy Heaton, North West England
David Hales, Hampshire and surrounding counties
Lee Ford, Wales and South West England
Mark Storey, North East England and Yorkshire
Raj Chahal, East Midlands
The relationship managers join from companies including Metro Bank, Bibby Financial Services and RBS.
Since the start of the year, we’ve brought in a number of experienced senior business finance experts in a move to boost our business lending capabilities. Details of our business lending proposition can be found here.
Brian Cartwright, RateSetter’s Head of Business Finance, commented:
"The new relationship managers are a great addition to our business finance team."
"Businesses and introducers want to talk to someone knowledgeable who can give them a straight answer and help where required – with great tech and great people we’re building up a first-class business team and providing finance which will enable UK SMEs to grow and increase their productivity."