UK-based independent commercial finance provider Independent Growth Finance (IGF) has appointed two ABL directors, the company said in a statement.
Michael Ward in Yorkshire and James Hogan in London have joined the business to strengthen these the two regions where the company is looking to grow its presence, IGF said.
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Hogan comes to IGF with over 15 years’ experience supporting SME’s in corporate and leveraged finance banking sectors. He specialised in leveraged and structured finance solutions in the commercial and corporate mid-market In London. Prior to his time at Code Investing ltd, he spent over 12 years as an associate director within the corporate transactions team at RBS.
Ward also began his career at RBS, chalking up 17 years there culminating in a relationship manager role within the invoice finance team. Over the last two years, he took on roles as a senior relationship manager at NatWest and relationships director at Shawbrook Bank.
Both Hogan & Wardin will be providing asset-based lending facilities to mid-sized businesses in the year ahead at IGF.
Matt Shepherd, commercial director at IGF, said: “In the last four years, IGF has continued to grow its client book and team. We are excited to bring James & Michael on board to further support businesses in London and Yorkshire. Providing businesses with much-needed access to cash flow during these times of unprecedented change.”
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By GlobalDataAs one of the first ABL lenders to become accredited on the Coronavirus Business Interruption Loan Scheme (CBILS), IGF announced in October it had provided £65m of new lending since the lockdown began. This has provided much needed financial support to both new and existing clients during this challenging period for businesses.
Pictured below: James Hogan
Pictured below: Michael Ward
In September we reported that IGF had provided £750,000 of funding to sausage manufacturer Porky Whites after the premium brand was let down by its bank.
Porky Whites, a family-owned manufacturer of sausages, burgers and meatballs to retail, wholesale and foodservice providers, was on the brink of collapse in November 2019 ….
See: Asset-based lender saves posh sausage maker’s bacon
