Established in 2010 as an asset finance lender and business loans provider to the SME market, award-winning Rivers Leasing has quickly grown into a recognised industry player.

Its growth has been recognised over four consecutive years in the Financial Times 1,000 fastest growing companies in Europe, the last in March 2020.

Challenge

Type of product: Block discounting

Rivers Leasing offers finance leases, hire purchase, and business loans between £2,000 and £75,000 and will consider larger exposures for some borrowers.

Specialists in finance for customer-facing sectors

Rivers Leasing specialises in lending into the SME market and over the years has built up a speciality providing finance to the salon, spa and hairdressing market as well as independent retailers, garages and restaurants.

The impact of lockdown

Rivers Leasing was impacted by the COVID-19 pandemic following the lockdown of many of the customer-facing sectors for whom they provide finance. As at December 2020, their clients are beginning to open up, again, but in a very limited way.

Solution

A practical commercial approach

Our approach has always been a strong ‘can do’ attitude, layered with a practical commercial approach and a good understanding of Rivers Leasing’s business. All these factors combined have made us, although one of the last funders added into their panel, Rivers Leasing’s lead funder.

Business understanding is key

An understanding of Rivers Leasing’s business has meant that we were able to increase their facilities as they grew – and explain and offer different funding options for them to support their future growth.

Our team has a breadth and depth of commercial understanding of not only Rivers Leasing’s business, but how our wholesale product portfolio can support their growth – not only today but at different stages of their future development.

Exemplary support

We have provided Rivers Leasing with ‘exemplary support’ throughout the COVID-19 pandemic. Our support reflects our understanding of their overall business situation and the impact into their cash flow, driven by the lockdown of the customer-facing sectors for whom they specialise in providing finance.

Website: https://www.riversleasing.com