Barclays

A partnership
to power
SME Growth

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A partnership to power SME growth

Propel has partnered with Barclays Bank UK PLC to help SME business customers access best-in-class asset finance services to purchase equipment and vehicles. Together, we help enable businesses to maximise their opportunities, driving productivity and performance.

If you’re an existing Barclays Business Banking customer, please get in touch with Barclays on 02476 842 200 to discuss your funding options.

If you’re new to Barclays Business Banking, please get in touch with Barclays on 0800 515 462 to see how we can help.

Subject to application, fees, terms and conditions.

Our partnership with

This collaboration is a key part of Barclays’ plans to help SMEs access fast and flexible asset finance. For Propel, it’s about broadening our reach to even more businesses across the UK. Together, we have one simple aim – we’ll get businesses moving forward with the best equipment and vehicle finance solutions.

“SMEs are the lifeblood of the UK economy and we’re proud to be working with Barclays to help drive further growth. Working closely with Barclays’ network of around 1,100 UK Relationship Managers and one million small business customers across the UK, we can support those who need to invest in capital equipment, across all industries and all equipment types, to grow their business. We believe combining brilliant customer service with great technology makes a real difference for customers.”
Mark CattonCEO, Propel Finance PLC
“Many small businesses are looking to diversify and strengthen their enterprise as they bounce back from the impact of the pandemic – whether that’s purchasing a van to provide home deliveries or investing in enhanced cleaning equipment to meet new demands. By partnering with Propel, we’re offering our clients access to a market leading product which will give them even more flexibility when picking the right kind of finance to support their business. It’s vital for the recovery of the UK economy that we continue to boost the confidence of small businesses, and our team of relationship managers are here to help them invest for the future”
Hannah BernardHead of Business Banking, Barclays UK

What are the advantages to your business?

Access the latest assets immediately

Gain a competitive edge by harnessing the use of the most efficient assets available today.

Boost your cash flow

Spread your asset costs over time, simply, quickly and conveniently.

Unleash your working capital

With no need to pay for assets upfront you can unlock your capital for more profitable use in your business.

Preserve your existing credit lines

Your existing credit lines, such as bank overdrafts and loans, remain untouched and are still available for your use.

Which businesses can use asset finance?

Available to Limited Companies and PLCs, Sole Traders, Partnerships and LLPs in the UK.

Other eligible bodies include: Registered Charities, Local Authority Bodies, Clubs, Associations & Societies

Based in the UK (new businesses included).

*Subject to T&Cs

Barclays Customer Enquiry Form

At Propel, we’re here to help you drive your business forward by delivering the competitive asset finance solutions you need – when you need them.

If you would like to talk to the Propel Sales Team please call us today on 0203 948 2995, or simply complete the enquiry form to the left. Fields marked with an * are required.

We look forward to dealing with you

Propel acts as a credit broker or a lender for business customers only. Barclays Bank UK PLC acts as a credit broker, not a lender. If the application is approved the product will be provided and administered by Propel and you’ll be asked to accept their terms and conditions. Barclays may receive a commission fee if you become a Propel customer and are an existing Barclays customer. Finance is subject to status. Terms and Conditions Apply.

Propel Finance Plc is registered in Wales, Company no 04015132. Propel Finance No. 1 Limited is registered in Wales, Company no 10003271. Registered offices are at Unit 5, Langstone Business Village, Langstone Park, Newport, NP18 2LH. Propel Finance Plc and Propel Finance No. 1 Limited are authorised and regulated by the Financial Conduct Authority. 

For further details of how we process your data please read our Privacy Policy and Fair Processing Notice.

To read the full press release on our
partnership, please click here