ThinCats expands northern credit team
ThinCats has appointed Ben Drummond as credit partner to its northern credit team.
Drummond (pictured) will be working within the existing credit team covering Manchester and the north west, Yorkshire and the north east and Scotland.
Having initially qualified as a chartered accountant at PwC, he brings experience of working in corporate finance advisory functions specialising in management buyouts and private finance initiative contracts.
Drummond has also previously worked in commercial banking across RBS and Lloyds and has a wide variety of experience in both relationship management and credit.
ThinCats operates a regional credit model where origination and credit terms work together to service funding proposals from corporate finance advisers, brokers and accountants.
Read more: ThinCats predicts huge demand for business lending post CBILS
“It is great to have someone with Ben’s experience to enhance the team, and he will be a huge benefit in providing our clients with a timely, hands-on credit experience on an even more local basis,” said Dave Parr, director, regional business development at ThinCats.
Rob Thompson, regional head of credit, north at ThinCats said Ben brings “an impressive amount of knowledge and experience.”
Last week, ThinCats revealed it supported borrowers throughout the Covid-19 crisis, via payment holidays and government-backed loans, without changing its credit processes.
During 2020, the alternative lender achieved a record year for lending via providing almost £300m to mid-sized businesses across the UK, following its accreditation for the coronavirus business interruption loan scheme and coronavirus large business interruption loan scheme.
