DF Capital, the newly authorised specialist commercial lending and personal savings bank, today announced that it has now supported over £1bn of sales to UK dealers and manufacturers since it started lending activities in 2017.
In addition to this, the business has also raised over £145m of deposits since it launched its maiden, market-leading savings products in October 2020. These have included 90-day notice, 1-year, 15-month, 18-month and 2-year fixed rate accounts and led to being awarded the Feefo ‘2021 Trusted Service’ accolade.
Retail deposits now entirely support the commercial lending loan book and help contribute to the growth of small and medium sized businesses in the UK.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.