Secure Trust Bank Commercial Finance has closed 2020 with a balance of £230.7m, representing a 8 percent decrease compared to 2019. However, the final quarter of 2020 recorded a stronger growth resulted from a combination of new clients and expansion of existing client facilities, including the provision of the CBILS and CLBILS loan schemes. The bank provided more than £50m to businesses across the country as part of the loan schemes and became one of the first alternative lenders accredited for the larger CLBILS facility.
