Aldermore has upgraded its SME lending proposition and expanded the scope of its automated credit decisioning enabling sub-10 second decisions for a broader range of asset finance applications, including proposals from sole traders and partnerships.

The improvements apply to both hire purchase and finance lease applications.

Brokers can now secure instant funding decisions on soft asset proposals of up to £100,000, with additional asset valuation types and more flexible underwriting tolerances also integrated into the automated decisioning process.

FASTER ACCESS

Lee Rhodes, Commercial Director for Asset Finance at Aldermore, said: “By expanding our auto-decisioning capabilities, we’re giving brokers and their clients faster access to funding, without compromising on the quality of credit decisions.

“At the same time, we’re freeing up our underwriting team to focus on complex or high-value cases where human judgement adds the most value.”