DERBYSHIRE: Firms to get financial support

Skipton Business Finance Ltd's John Colburn.
Skipton Business Finance Ltd's John Colburn.

Financial services group Skipton Business Finance is continuing its UK expansion drive by expanding into Derbyshire following an encouraging increase in regional businesses requiring finance.

The company, part of Skipton Building Society, has recruited a business development manager to cover Derbyshire and say that a rise in small and medium-sized businesses needing a stimulus of working capital has led them to expand.

John Colburn, corporate manager, said: “Skipton Business Finance remains active in supporting businesses and it is encouraging to see an increase in the number of Derbyshire companies requiring our services.”

He continued: “Bank loans and overdrafts are becoming more expensive and difficult to obtain, so it’s natural business leaders in the region are looking at alternative forms of funding like factoring and invoice discounting.”

Mr Colburn added: “Skipton Business Finance shares its parent’s ethos in helping owner managers create wealth and employment, by actively promoting lending in what remains a challenging market.”

A subsidiary of Skipton Building Society, SBF is a leading independent factoring and invoice discounting provider, offering a range of working capital solutions for businesses with annual sales ranging from new-start to £30m.