Redwood Bank hits £100m lending milestone

The business bank launched in August 2017 and offers secured SME mortgages for business owners as well as for experienced commercial and residential property investors.

In February, Redwood expanded its team with the appointment of Leon Marklew as its new director of strategy, products and marketing.

Gary Wilkinson, CEO and co-founder of Redwood, said: “Reaching the £100m milestone is a fantastic achievement, particularly as we’ve only been trading for 19 months. We’re delighted to have achieved this momentous goal and we plan to continue working hard to support small and medium sized businesses, helping them grow, refinance and diversify.

“We’re proud to have attracted this much business, within our competitive industry, attracting new customers despite opening our doors amid all the Brexit upheaval.

“The outcome of Britain exiting Europe is still uncertain, but that hasn’t stopped our customers from putting their trust and faith into our Bank. Word has got out that our first-class service and consistently high customer satisfaction is second to none, and that’s why we’re thriving.”