RAPHAELS Bank has joined the Finance & Leasing Association (FLA’s), Asset Finance Division (AFD) showing its commitment to both the required standards of the sector and developing provision of asset finance to the SME sector.
Raphaels, one of the UK’s leading independent consumer and asset lending banks, now belongs to the FLA’s three core divisions – Asset Finance, Motor Finance and Consumer Finance.
Through a network of commercial finance brokers across the UK, Raphaels Bank provides flexible lending solutions for hard assets including cars, commercial vehicles, plant and machinery.
The membership of the FLA’s AFD follows the appointment of Ashley Davies as business development manager for Raphaels’ Asset Finance Division, providing further confirmation of the bank’s ambitious growth intentions in this market.
Carl Virgo, head of lending at Raphaels Bank, said: “Membership of the AFD shows our brokers and their customers that we recognise the continued efforts of the FLA in both its strong representation of the industry sector and its contribution in driving forward the market.
“The asset finance sector is gaining momentum, particularly in schemes aimed at improving the availability of credit for SMEs. AFD membership will help ensure Raphaels Bank is a key operator in pushing this sector forward.”
