Propel Finance Hits a Big Milestone – Over £500 Million in SME Lending!
In a dazzling turn of events, Propel Finance, the UK’s fastest‑growing asset‑finance provider, has just wrapped up more than £500 million in loans for SMEs. These loans came via Propeller, its slick digital platform that’s been making finance as easy as a scroll through your favourite social feed.
Why It Matters
Imagine small businesses across England, Wales, Scotland and Northern Ireland all grabbing the tools they need to grow. That’s what’s happening here—companies are finally getting the cash they need to buy essential equipment without the usual red tape.
The Hype: 400 % Growth Since 2020
- Propel started with a modest base in 2020.
- Fast forward to now – they’ve smashed a 400 % expansion.
- They’re not just ball‑parking figures; 1 million SMEs are now riding the wave of quick, flexible asset finance.
Big Partnerships, Bigger Impact
Behind the numbers is a lineup of partnership powerhouses: Barclays Business Banking, Azets, Samsung Capital, and top UK intermediaries. These collaborations have turned Propel’s platform into a one‑stop shop for small businesses looking to supercharge growth.
Feeling the Buzz?
If you haven’t heard about Propel yet, you’re missing out on a financing revolution that’s turning ordinary enterprises into extraordinary growth stories—one loan at a time. Cheers to the vibrant future of UK SMEs!
PropelPay: The New Digital Finance Turbo for SMEs
Meet PropelPay, the latest brainchild that’s turning Propel’s already impressive fintech toolbox into a full‑blown digital powerhouse. Think of it as the “side‑kick” that lets OEMs, distributors, vendors, and merchants hand out sweet, instant cash‑for‑gear options right at the online checkout stage.
What’s the Big Deal?
- Instant Financing – Small‑to‑mid sized enterprises get access to the funds they need before the final “Add to Cart” button clicks.
- Seamless Integration – Put PropelPay on your e‑commerce platform and watch the magic happen. No annoying pop‑ups, just smooth, in‑line financing.
- Growth‑Fuel – The platform is now the backbone behind a record‑breaking year of net leasing revenue for Propel.
Why It’s Turning Heads
According to Asset Finance UK 2023, Propel recorded the strongest growth in net leasing revenue that year. That’s no small feat, and it’s driven by a steady stream of new SME customers and a tech stack that’s both powerful and people‑friendly.
Mark Catton’s Mantra
CEO Mark Catton summed it up like this: “Every month we’re helping over 1,000 fresh SME customers. That’s more than a few thousand coffees—it’s a whole army of entrepreneurs.” He adds that their secret sauce is a blend of cutting‑edge technology and top‑notch customer support that keeps businesses coming back.
The Big Milestone
Propel has just crossed the £500 million lending mark on its platform—a landmark that proves they’re more than just a service; they’re a full‑blown financial ecosystem for UK SMEs. “We’re not stopping here,” Mark says. “We’ve got a robust plan to keep expanding and supporting the growth of businesses across the UK.”
So if you’re an SME looking to hop on the next big wave, or a merchant wanting to give your customers a chip in, PropelPay is ready to roll. It’s the future of fintech—and it comes with a dash of humor, a pinch of heart, and a promise to keep growing together.
