THINCATS has appointed an associate director for its growing Northern business development team.
The peer-to-peer business lender has recruited former Lloyds Banking Group relationship manager Tim House (pictured) to the role.
He brings experience managing a portfolio of around 140 small- and medium-sized enterprise (SME) clients with turnovers of between £3m and £10m.
Prior to this, House spent five years as an associate in Lloyds’ corporate banking team, supporting a range of companies with turnover between £25m and £100m and then latterly between £100m and £750m.
“Having spent my whole career to date working for a traditional lender, I’ve seen first-hand how banks have retreated from the high street and, in doing so, have limited their appetite for SME cashflow lending, ignoring those ambitious SMEs that require finance to grow,” House said.
“ThinCats’ market-leading tech and wealth of lending experience, coupled with a genuine desire to help Britain’s small businesses, means they are uniquely well positioned to capitalise on the banks’ complacency, to the benefit of all SMEs.”
Mike Hackett, head of sales at ThinCats, said House would bring “a wealth of knowledge and contacts from within the business communities of the North of England.”