Centric Commercial Finance has rebranded as Shawbrook Business Credit following its acquisition by Shawbrook Bank in June 2014.
Increased facility limits of £25 million have been announced this year said Shawbrook Business Credit, and the bank will continue to target funding to private equity deals in the asset finance market.
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Shawbrook reported a pre-tax operating profit of £16.8m for the year ending December 2013 and a half year pre-tax operating profit of £18.6m as at end-June 2014.
Tim Hawkins Shawbrook commercial director, said; "We’re very proud to be known as Shawbrook Business Credit. It really helps that we share the same values and customer service ethos as Shawbrook Bank and that shines through."
Our team of senior decision-makers is unchanged, as is our commitment to delivering the quantum and certainty of funding, speed of delivery and focus on quality service that our key business introducers and clients have come to expect from us."
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