This is part of a commitment to further support and grow its supply of asset-based finance to the manufacturing and engineering sectors.
The decision to join the association follows the hire of finance specialist Danny Plows to provide a dedicated service to these sectors. Mr Plows brings a wealth of experience to the role, having worked in asset finance for over 19 years, most recently as director of asset finance for Lombard.
Mark Nelson, director of Compass Business Finance commented: “The manufacturing and engineering sectors have been a central focus for our business since we established ourselves in 2005. It’s a reflection of our continued growth that we’re now able to dedicate more resources and an additional member of the team to this area. Danny is the ideal person for the job.”
Danny Plows, national sales manager for Compass Business Finance added: “I’m looking forward to getting to know the MTA and their members, as well as other businesses in these sectors. Compass provide a great range of products, offering flexible solutions with competitive rates and I believe we’ll now be able to help more businesses invest and grow successfully.”
Compass is an accredited lender under the British Business Bank’s Enterprise Finance Guarantee (EFG) scheme. EFG enables Compass to increase its supply of asset finance to smaller businesses that are viable but may have previously been unable to obtain finance due to having inadequate security.
Compass Business Finance www.compassbusinessfinance.co.uk
