Wesleyan Bank and D&D Leasing sign £20m facility16/08/2018
Wesleyan Bank, a specialist provider of commercial finance solutions and part of Wesleyan Group, has announced a new growth initiative by entering the wholesale finance market with small ticket, finance house D&D Leasing.
D&D Leasing is an 18-year-old Canadian-founded operation and a niche funder to professions and small business in the UK. The company has been established in the UK for nine years providing finance across the business loan, vehicle, equipment finance and leasing markets. The facility, a £20million wholesale line, will allow D&D Leasing to continue to fund and serve the growing and underserved professions business sectors.
Rev. Dr. K. Bill Dost, Group CEO of D&D Leasing said, “We’re excited for this partnership; the team at Wesleyan know who we are, what we are about and believe in what we’re trying to do. Together, we have entered into a long-term arrangement that will continue to allow us to serve those who require a little extra assistance from their finance partner.”
Wesleyan Bank has over 25 years’ experience in the equipment finance and professional loans market. Entering the wholesale finance market is part of a series of “strategic initiatives to support the Bank’s ambitious growth plans,” Steve Deutsch, Chief Executive of Wesleyan Bank explained.
"We are pleased to partner with D&D Leasing. In any business arrangement we seek shared values and good service to the end customer. We are confident that the excellent reputation of Bill and his team will give us the foundation of a successful relationship,” added Deutsch.