Metro Bank provides £4m invoice finance line to healthcare specialist

Published on

Metro Bank has provided medical insourcing specialists, 18 Week Support Group, with a £4 million invoice finance line, alongside a £400,000 working capital facility.

18 Week Support Group provides insourcing services to NHS Trusts, enabling them to manage waiting lists in a sustainable, cost-effective and efficient manner, and has recently switched its full day-to-day banking to Metro Bank.

Mark Stokes, managing director, commercial banking at Metro Bank, said: “18 Week Support Group is a well-established healthcare provider that offers vital services to local communities across the UK.

“We’re delighted to have been able to support such a forward-thinking organisation, and look forward to working with them as they grow and continue to make their mark on the healthcare industry.”

Alexander Chilvers, operations director at 18 Week Support Group, added: “Metro Bank has so far proved to be a valuable partner. Their team has displayed all of the attributes that we were looking for including being responsive, friendly and flexible.

“But what has impressed us the most has been the level of involvement with senior management throughout the whole process. We are looking forward to a strong continued partnership with Metro Bank.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Other news

Bank of England expected to hold interest rates at 4.5% amid economic uncertainty

The Bank of England is widely expected to maintain interest rates at 4.5% when...

£6.5k bill for homebuyers who miss stamp duty deadline

Rent and mortgage spending rose 7.7% year-on-year in February, as more homeowners moved from...

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...