Henry Howard Finance Funds Over 4000 Retailers in 2018
Independent lender Henry Howard Finance funded more than 4,000 small and medium businesses in the UK in the first six months of 2018, according to its latest half-year figures.
Independent lender Henry Howard Finance funded more than 4,000 small and medium businesses in the UK in the first six months of 2018, according to its latest half-year figures.
Independent lender Henry Howard Finance funded more than 4,000 small and medium businesses in the UK in the first six months of 2018, according to its latest half-year figures.
The financial report indicates a 30% year-on-year increase in lending, totalling £57m in retailer funding. Since 2000, Henry Howard Finance has supported more than 30,000 small and medium companies across the UK.
A Henry Howard Finance spokesperson told RN: "An HHF loan allows retailers to manage their cash flow more effectively while ensuring they are still able to fund the purchase of new assets – from shop fittings, refrigeration units and air conditioning to IT solutions, vending and leisure equipment. 68% of retailers used the funds to finance shop fittings and vending equipment."
Danny Wilson, who owns seven One Stop stores in and around Scarborough, has a good relationship with Henry Howard Finance: "We've worked with them to lease store equipment such as fridges, and they've been pretty good. You pay nearly twice as much interest than if you went through a bank, but it's also faster and easier, so it can be worth it."
This article doesn't have any comments yet, be the first!
Register to comment and get exclusive content and subscribe to the online and print versions of Retail News.
Become a member