Step One Finance Limited (“Step One”) is pleased to announce that it has agreed a significant increase in its available funding through a combination of two separate transactions completed early this month. The additional funding shows enhanced commitment and confidence in our lending business from multiple counterparties and will provide a strong foundation for Step One to consolidate its position in the market as an important and growing specialist lender.
Michael Childress, CEO of Step One, commented: “Based on the competitive positioning and broad offering of our products we were able to increase our lending volume by over 400% in 2014 over the prior year. The increased funding will allow us to maintain the pace of growth in our lending operation through 2015 and beyond.”
Martin Porter, Head of Lending for Step One, added: “We continue to see a substantial increase in new loan inquiries from month to month and look forward to doing more business with all of our distribution partners this year.”
Any general questions or inquiries should be directed to Michael Childress at 01483 661 101.