Investment Type

Investment Type

Mezzanine Finance

Sector

Sector

Asset Finance

Date

Date

Aug 2022

Juristiction

Juristiction

UK

Who They Are

Propel is the UK’s fastest growing asset finance lender; enabling more than 45,000 businesses across the UK to access finance to acquire business-critical equipment quickly and easily. It is also one of the leading vendor finance platforms in the UK, supporting equipment suppliers with lease programmes.

Quilam supported a £500m financing round by providing a £35m growth facility to support the various senior funding lines of the business.

The company delivers leading-edge asset finance solutions to drive business growth. All solutions are delivered through a personal, progressive and partner-orientated approach; harnessing a combination of teamwork, talent and technology. A leading example of this is Propel’s partnership with Barclays Business Banking which gives over 800 relationship managers and a million SMEs access to their smart asset finance services to purchase business-critical equipment and vehicles.

The range of business assets which Propel finance is vast and they provide business finance to a wide variety of sectors; ranging from Transport, Construction, Manufacturing, Agriculture, Leisure, Catering/Hospitality, IT and more.