LENDER Clearpath Finance says its first 12 months of working with Atom Bank has seen it delivered £1.2 million of new business loans to a range of businesses right in Northern Ireland.
Atom is an innovative bank with no branches, providing secured loan facilities to businesses through its preferred intermediary panel. It is focused on driving innovation, transparency and simplicity for SMEs and delivers secured lending through Clearpath Finance in Northern Ireland and Britain.
"The relationship we have developed with Atom Bank over the last 12 months continues to grow stronger," Clearpath director Conor Devine said.
"Together we've delivered close to £1.2m of new capital to our economy and have committed in 2018 another £3.4m of funding, which is great news for our clients and Atom.”
Atom Bank aims to offer some of the most transparent pricing and decision-making in the marketplace. This is proving attractive to the SME borrowers who are typically refinancing away from the more traditional lenders and wanting to get under the skin of their finance options.
Atom’s national account manager Liam Brodie said: “We've been working with the team at Clearpath Finance for just over 12 months and are delighted by the fact we have been able to deliver substantial funding to the local business community through their platform.
“We look forward to investing more funding into the economy and building the relationship with Clearpath both in Northern Ireland and throughout the rest of the UK.”
Clearpath Finance, which works with more than 50 different lenders including high street banks, senior debt providers, peer to peer and mezzanine debt providers, has also secured a panel of private family offices that have committed capital to the platform.
Mr Devine added: “To date we have delivered some £30 million of new loans to businesses right across the island of Ireland and the UK, but we are only scratching the surface.”
