SME funding provider Asset Advantage has strengthened its internal team with two new appointments as part of its ongoing growth strategy.
The Basingstoke-based funder has appointed Hannah Berry to the documents and payouts team as a payout administrator, while Grace Walker joins the collections and recoveries team as a collections and recoveries administrator. The moves strengthen key processes within Asset Advantage and bring new efficiencies as the funder continues to see increasing demand for business finance among SMEs.
In her new role, Hannah will be responsible for preparing finance documentation and progressing the agreement through to payout. She will work closely with underwriting and sales teams to ensure transactions are processed efficiently and meet all governance and compliance requirements, while overseeing the administration of finance agreements and payments to all relevant parties.
Meanwhile, Grace will be responsible for overseeing key elements of the collections administration function, including monitoring incoming payments, supporting the management of overdue accounts and assisting with customer communications relating to outstanding balances. Grace will also contribute to the team’s operational reporting and due diligence activities, including credit searches and data analysis.
The appointments are the next stage in Asset Advantage’s growth strategy as it looks to best serve commercial finance brokers and meet the needs of SMEs across the country. In the last 12 months, Asset Advantage has made a number of key appointments, launched new products and made key investments in its systems and processes to support its growth and enhance its business finance offering.
Asset Advantage has been providing business finance to SMEs for nearly two decades through asset finance and business loans, with funding available up to £500,000. Funding is used for a variety of business cases including funding hard and soft assets, for business acquisitions and management buy-outs (MBOs). Asset Advantage remains flexible on sectors and asset type, providing both debt serviceability and risk profiles remains strong.
Gary Thompson, sales director at Asset Advantage, said: “Hannah and Grace are two fantastic additions to our team and help strengthen two critical parts of our operation as we continue to execute our growth strategy and strengthen our proposition. The first quarter of this year has proven to be really busy with high demand among SMEs for flexible funding. Even with strong headwinds in the economy, our data suggests that this trend is only set to continue. It therefore makes real sense to bolster our team and bring new efficiencies to meet this demand and best support both SMEs and our broker partners.”
