Tower Leasing’s New Product Creates a Whole New Business Finance Playing Field

In the warm-up to Vendex twelve months ago, Tower Leasing’s vending guru Kevin Reed told PV, ‘Some people still think Tower Leasing is a broker, but we’re much more than that. We’re a finance company with a broking division. That means it’s our own money we’re lending out, it’s our decision and we can – and do – accept what others won’t.’

At the time, the company had just announced that it was expanding into the provision of finance for vending operators to acquire vehicles. It was Big News, but the latest product to be announced by Tower Leasing will not so much move the goalposts in business finance, as create a whole new playing field of its own.

‘The big news at Vendex this year is the announcement that Tower Leasing will now provide finance both for vending business start-ups and for established companies that are looking for support,’ Kevin said. ‘Just to be clear, this is not about asset finance. Our product is backed by the British Business Bank, which in turn is supported by HMG. A feature of that support is that it allows us to maintain a flexible approach to our lending, while being able to deploy more funding to SMEs than ever before. This has been particularly important for supporting the continued growth of businesses still recovering from the challenging pandemic period’.

There’s a further nugget of news for Kevin, Jack McQuillan and the Tower Leasing team to share with Vendex North visitors on 8 November. ‘We’re very proud to have become the Number one provider of finance into the UK vending sector’, Kevin said. ‘It’s all thanks to our great support team, that’s dedicated to serving vending Operators. Come and meet them at Vendex, let’s have a coffee.

Visit Tower Leasing at Vendex North. They’re on stands 59 & 60.