State Securities reaches £150m milestone !

PRLog (Press Release) – Oct 02, 2007 – Asset based lender, State Securities plc, is pleased to announce it has achieved the milestone of £150 million outstandings in the UK SME market. This figure shows exceptional growth from the £100m accomplishment in August 2004.

State Securities is owned by Five Arrows Leasing Group. The company began with just two staff in 1980, and has grown to seventy-nine employees, with a head office in Southampton and regional offices in Birmingham, Glasgow, Leeds and Preston.

State Securities is acknowledged as an experienced innovator for providing workable, cost-effective finance solutions, particularly in situations that traditional finance companies avoid. The range of services available is extensive, including asset finance from £10k to £5m, commercial mortgages from £100k to £5m, Small Firms Loan Guarantee in conjunction with advancing asset based finance, factoring and turnaround finance.

Andrew Bullard, Sales Director said of the achievement, “The majority of business generated comes via State Securities network of finance brokers based around the country with whom we have built up excellent open and honest relationships*. Unlike some other financiers, we can boast a ‘one-stop-shop’ approach to finance supported by our own in-house services, including legal and asset valuation teams. This enables us to put together smooth transactions with swift turnaround times which has helped excel our growth and popularity in the market place”.

State Securities is a Patron of the National Association of Commercial Finance Brokers (NACFB) and a member of The Finance and Leasing Association (FLA).

For more information, contact : Andrew Bullard, Sales Director, tel 01489 775618 or visit www.statesecurities.co.uk