Fiduciam joins the ASTL

Fiduciam joins the Association of Short Term Lenders (ASTL).  This addition takes the ASTL’s membership to 33.  The ASTL also has 23 associate members.

Johan Groothaert, director at Fiduciam says, “Whilst entrepreneurs and small companies are the most dynamic part of the economy, generating wealth and jobs, nowadays it is often difficult for them to obtain loans from high-street banks, and we are pleased to assist in filling this gap.  In order to create a sustainable financing environment, it is important those loans adhere to the highest standards and that is why we are glad to join the ASTL, which has been championing the principles we fully subscribe to.  We look forward to creating strong working relationships with other members of the ASTL and sharing our own ideas, experiences and skills in order to make a valuable contribution to the association and help to shape the lending market.”

Benson Hersch, chief executive of the ASTL says, “The ASTL is pleased to welcome Fiduciam as its newest member.  Fiduciam brings fresh ideas, innovation, experience, knowledge and market intuition.  This new partnership adds to the growing diversity of the association and helps us to continue strengthening our commitment to raising industry standards.”

End of a successful year

Fiduciam granted £27,372,389 of loans in 2015, helping entrepreneurs to grow their companies and to create jobs. This lending total exceeds Fiduciam’s 2015 objective and represents a successful end to Fiduciam’s first year of lending.

MarketInvoice partnership

Fiduciam strikes an important partnership with MarketInvoice to purchase around £50m of invoices per year, up to £200m cumulatively; Fiduciam becomes the second-largest investor on MarketInvoice after the British Business Bank.