British Business Bank programme: ENABLE Funding
Established since 1989, Tower Leasing Ltd is a finance broker and funder which aims to assist companies across the UK with acquiring capital and equipment through asset finance. Tower Leasing creates an opportunity for businesses to manage their cash flow, whilst securing the assets and technology which allows them to stay competitive within the market. Tower Leasing also provide additional funding to support business growth with a wide range of finance solutions.
Tower have arranged funding for over 60,000 SME’s across the full spectrum of industry/sector types and trading styles, from brand new start sole traders, to blue chip PLCs.
Kerry Howells, Chief Executive Officer at Tower Leasing said:
“Tower Leasing are delighted to announce that we have secured a new funding facility via the British Business Bank Plc ENABLE programme. Lending to SMEs runs through Tower’s DNA and the ENABLE funding represents a significant milestone in Tower’s development. The facility supports our aspirations for continued growth and to broaden our offering, gaining further traction into the SME marketplace.”
As part of British Business Bank’s key objective to diversify finance markets for smaller UK businesses, the ENABLE Funding programme helps smaller providers of business finance to do more. These providers often lack the scale required to access capital markets – a key source of funding for lending institutions – in a cost-efficient manner. ENABLE Funding warehouses newly-originated finance receivables from a number of smaller business finance providers.