Investec Asset Finance has provided PCF Bank with a £15m block discounting facility.

PCF Bank provides a range of savings and finance products, including hire purchase and finance lease facilities for vehicle and plant and equipment, to over 70,000 customers across the UK.

PCF Bank approached Investec Asset Finance’s Wholesale Lending team earlier this year to discuss the facility.

“We wanted to work with a partner who understood the goals we needed to achieve and by when,” explains Scott Maybury, chief executive of PCF Group. “It was important that the funding structure be kept simple but that it was of sufficient scale to allow us to focus on delivering our growth plans.”

According to Gregg Pietersen, member of the block discounting team at Investec: “This transaction demonstrates how we are able to provide large first-time facilities to support our clients,” says Gregg.

“It’s our ambition to continue supporting UK businesses by delivering funding solutions that are relevant and to pair that with excellent understanding of customer requirements to help our customers achieve their ambitions.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.