Growth Lending expands to US following period of rapid growth
Growth Lending, the funding partner for fast-growth businesses, has announced its expansion to the US as it takes the next step on its continued growth journey.
The firm has increased its UK headcount by more than 60% during the past two years and has deployed more than £350m of funding in the same period, as the lender continues to support innovative companies on their growth journeys.
Following the successful launch of an international invoice finance product last year, the company will now share this proposition with the US market, having identified that businesses in the US are facing similar challenges and a need for a non-traditional funding route.
Growth Lending has opened its first US office in Atlanta, Georgia, from which it aims to serve a broad variety of businesses across the country. The business has also hired its first Atlanta-based employee, Keith Kirkland as Senior Vice President of Sales.
Kirkland brings with him the knowledge of more than 30 years in the capital and invoice finance sector, having amassed experience at a variety of lenders, most recently eCapital. Kirkland’s extensive experience and strong network makes him well placed to launch the brand in the US market and build a strong customer base.
This exciting next step for the company comes after the recent unification of Growth Lending with its sister company, BOOST&Co, under the Growth Lending brand banner. This move aims to simplify the business’ proposition and enable even more tailored support for a wider variety of businesses.
Jack Trowbridge, Head of US operations at Growth Lending, says: “Growth Lending was founded off the back of an evident need for business funding support outside of the high street banks. This need has never been clearer than it is now and it’s not an issue confined to the UK.
“After significant growth and the recent unification of BOOST&Co and Growth Lending, it’s an opportune moment to expand our offering into the US. We are thrilled to welcome Keith to the team – his experience and professional network aligns closely with the Growth Lending proposition and with his contribution, we look forward to supporting even more ambitious businesses across the country.”
Keith Kirkland, Senior Vice President at Growth Lending, says: “I am excited to join Growth Lending and help lead the expansion into the US market. The firm’s lending programmes will offer much-needed growth capital for US businesses, as well as present collaboration opportunities with other US lenders to better serve growing companies.”