Specialist professions finance company, Performance Finance, will now offer their own regulated loans directly to customers. The move comes as a response to customer demand, allowing the company to provide increased finance options to sole traders, partnerships and individuals looking for personal loans.
The company offers specialist finance solutions to opticians, dentists, vets, doctors, solicitors and accountants and with the new ability to offer regulated loans directly, it positions Performance Finance as a ‘one stop shop’ for professionals in the paper and medical sectors. The service is complemented by an E-sign automated document service, which enables same-day processing of loan applications.
Stuart Burn, managing director of Performance Finance said, “We’ve increased our FCA permissions and beefed up our systems to give us the capability to provide both business and personal loans that are regulated by the FCA. It demonstrates our commitment to the professions sector and our innovative approach to lending.”
The new service has seen Performance Finance having to meet more stringent Financial Conduct Authority (FCA) requirements that are necessary for loaning directly to individuals.