Newable acquires funding specialist, St Georges Finance

Newable has acquired St Georges Finance, an independent funding specialist based in Banstead, Surrey.

Newable, founded in 1982 as Greater London Enterprise (GLE), offers products and services for UK businesses across four key areas; Lending, Investment, Advice and Property. The acquisition is focused on improving and developing Newable lending proposition, by offering growing businesses a competitive brokering service.

St Georges Finance, founded in 1994, is an award-winning funding specialist. St Georges Finance provides in-depth knowledge of the lending marketing, providing businesses with highly qualified and experienced funding advice. Funding specialists St Georges Finance is connected to an extensive network of lenders, accountants, advisors and solicitors, meaning they are able to cultivate a seamless funding experience for their customers. This offering has been recognised within the industry.

St Georges Finance will be relocated to Epsom high street, and will shortly operate under Newable Commercial Finance. They offer brokering services across 6 key areas; asset finance, property finance, invoice finance, vehicle finance, development finance and bridging loans.

Philip Reynolds, Managing Director of Newable Lending said “Newable already works with thousands of businesses across the UK and the addition of St George’s Finance, in addition to our existing lending business, will enable Newable Lending to help more businesses access the finance they need to start, sustain and scale. I am pleased to welcome Adrian and the St. George’s Commercial Finance team to Newable Lending and look forward to working together.”

Adrian Dadds, Founder and Managing Director of St Georges Finance commented, “I am proud to have built up the business and reputation of St Georges Finance. Joining Newable, with such ambition, will enable us to scale our services to better serve more clients.”