InterBay Commercial marks the expansion of its commercial offering by becoming the latest lender to join Propp’s growing panel of lenders.
Propp, a comparison site that specialises in bridging, development and commercial finance, welcomes the injection of optimism in the commercial space which has been notably quiet since the economy slowed down in response to the pandemic.
As one of the UK’s leading commercial lenders, having lent more than £3 billion to thousands of businesses in its 15 years of existence, Interbay Commercial’s renewed appetite is a clear signal to the market that it is time to re-open.
Paul Elliott, Managing Director at Propp, said:
“It’s crucial that businesses across the UK are once again able to look to the future after what has been a very difficult twelve months for most.”
“We’re pleased to see the commercial market start to move again and Interbay Commercial joining the platform with a renewed appetite will send a signal to the rest of the industry to follow suit.”
“Now is the time to arm businesses with the finance they need to thrive, and Interbay’s commitment to pulling out the positives in an application and treating each case on its individual merits is the attitude needed across the lending landscape and we’re proud to be able to facilitate that.”
The savings available to borrowers by using Propp’s deal optimiser service, which returns a bespoke quote featuring a negotiated rate combined with Interbay Commercial’s commitment to flexibility, are designed to enable businesses to propel themselves forward.
It is features like these that will benefit the business community as they navigate the post-pandemic economy.
Emily Machin, Head of Specialist Finance, InterBay Commercial, said:
“After a challenging year for the commercial market, it’s good to see things slowly return to some semblance of normality.”
“At InterBay Commercial, our key focus is to serve our broker partners by carefully monitoring and assessing the market.”
“This enabled us to re-introduce product lines as soon it was viable, as well as reducing rates and launching new products, such as our recent holiday let proposition.”
“Propp makes life easier for our borrowers and that’s something we’re more than happy to support. Having all the information in one place is a great time saver.”