Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, marked two years of trading with a total of 211 new customers and associated funding limits reaching £346m.
CBF was launched in late 2021 and provides tailored financing solutions to help enable ambitious UK SMEs to maximise their potential. It offers bespoke facilities from £500k to £20m working alongside a current, and growing, network of 95 advisors. CBF specialises in offering flexible finance solutions, typically lending against business assets including receivables, plant and machinery, inventory, and property.
In the last 12 months, CBF has supported 118 UK businesses – an uplift of 27 per cent, bringing the total number of CBF customers to 211.
