Insight & Analysis

Press release: Blue Motor Finance closes new SME lending warehouse facility with senior funding

Published: Jan 2022

20th January 2022 – Blue Motor Finance (Blue) has successfully closed a new warehouse facility with senior funding from Citi to support the growth of its SME lending business to its auto dealer network. This is the first SME lending warehouse facility that Blue has added to its funding platform. It further diversifies the range of funding solutions Blue has accessed. This success strengthens Blue’s financial position as it continues to grow.

Newspaper press release

The transaction highlights Blue’s continuing commitment to developing its funding platform through furthering longer term relationships with financing partners. This warehouse facility will allow Blue to continue to further enhance its support for auto dealers across its network and grow lending for used cars. Blue’s relationship focused funding approach has enabled it to lend in excess of £1.8bn in loans, supporting over 210,000 customers, and is underpinned by long term consistency and prudency in managing credit risk and delivery of diversified loan portfolios with relatively low average loan sizes, short term lengths, good security and predictable low default rates.

Tiku Patel, CEO of Blue Motor Finance commented “Blue is constantly looking at ways to help our customers and dealers. We have developed a unique SME lending platform which we are delighted is receiving great feedback from dealers and which is growing rapidly.”

All our content is free, just register below

As we move to a new and improved digital platform all users need to create a new account. This is very simple and should only take a moment.

Already have an account? Sign In

Already a member? Sign In

This website uses cookies and asks for your personal data to enhance your browsing experience.