The launch of a new Midlands based financial support company will provide companies with the key to unlocking business potential at a time when access to finance continues to be limited by poor economic growth.
Cranfield Business Finance (CBF) is part of the Cranfield group of companies and the sister company of leading Midlands insolvency firm, Cranfield Business Recovery. The company has been set up to help growing companies access financial support to fuel growth, through expansion plans and business development and offers a range of core services including commercial and investment mortgages, development finance and asset finance.
Patrick Murtagh, director at Cranfield Business Recovery has been joined in the new venture by co director Alan Jones who brings with him 25 years experience in both commercial and corporate banking.
Patrick says: “Cranfield Business Finance offers a unique service for businesses seeking financial support, focusing on understanding the overall business requirements before searching the market to find the right relationship and solution to meet client’s needs.”
One such example of this is the company’s ability to work with clients seeking a better understanding of the working relationship with existing fund providers or indeed seeking to refinance with alternate lenders. Recent years has witnessed public scrutiny in the lack of support for businesses across the UK and the launch of CBF comes hot on the heels of Business Secretary Vince Cable announcing a new government initiative to support smaller firms in their quest for finance.
Alan Jones’ experience on both sides of the banker/client relationship puts CBF in the privileged position of being able to understand a customer’s real issues, and draw on experience to identify the best route for financing business development and growth.
The company officially launched in March as a member of the National Association of Commercial Finance Brokers and adhere to the quality standards and Code of Practice agreed with the Office of Fair Trading.