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  • Chris Mangle's photo

    Chris Mangle
    Executive Director
    —

    With over 20 years’ experience in business-to-business finance, I pride myself on having a keen eye for detail, coupled with an excellent network of finance and non-finance professionals, colleagues and friends.

    Throughout my industry experience I have worked with companies which are owner-managed right through to large corporates and PLCs. The businesses I’ve continually worked with operate in nearly every sector and industry, throughout the UK.

    Over the years I have had many successes in helping businesses finance assets, working capital, restructure, refinance, right through to orderly disposal of debt and assets.

    Whether working with owner-managed SME clients or large corporates and PLCs, I thrive on seeing the impact of delivering solutions for our customers and playing a part in their success.

    In my spare time I enjoy quality time with my family, work on reducing my golf handicap, the occassional mountain walk along with mountain biking.

    Email: chris@custombusinessfinance.co.uk

    Phone: 07702951828

  • Martin Taylor's photo

    Martin Taylor
    Executive Director
    —

    I have 20 years plus experience working for some of the UK's largest financiers in Lombard and Santander and now I am co owner in Custom Business Finance based in Rotherham, South Yorkshire.

    I have reputation for being hardworking, honest, and a reliable individual. I pride myself on building strong working relationships with businesses of all sizes, from new start-ups to multimillion pound organisations.

    I thrive on being able to make a real difference to my clients and helping their businesses grow. Working with a wide array of businesses has given me a real insight into the day-to-day challenges that different businesses face. Being able to present commercially sound and well-structured funding solutions to aid these challenges is highly rewarding.

    When I’m not working, I’m either trying to improve my golf handicap or spending time with my young family and friends.

    Email: martin@custombusinessfinance.co.uk

    Phone: 07702951835

  • David Catling's photo

    David Catling
    Executive Director
    —

    I started my career at the RBS Group specifically Lombard Asset Finance in 2003 after graduating with an honours degree in Business and Marketing from Hull University. Having undertaken various roles spanning 6 Counties across many years, I developed many skills, which allowed me to transfer them to Custom Business Finance when we set the business up in 2016. 

    I have a genuine passion for finance and enjoy supporting our clients’ ambitions. We get involved in some exciting projects, small and large for all sorts of things such as asset finance and asset re-finance, commercial property, property development, invoice discounting and working capital solutions. Clients can range from new start ups to SMEs to large corporate PLC entities spanning a diverse sector base.

    In my spare time, I enjoy working out on my spin bike, coaching my twin boys football team, walking, visiting pubs and dining out restaurants with family and friends.

    Email: david@custombusinessfinance.co.uk

    Phone: 07516725796

  • Helen Stinson 's photo

    Helen Stinson
    Assistant Director
    —

    I have 20 years’ experience within the finance sector commencing my first role at Lombard. I am proficient in all aspects of relationship management, payment processing, documentation and customer service. In 2007 I was promoted to the role of Assistant Relationship Manager and relocated to London. There, I was responsible for supporting a team of Relationship Managers and their portfolio of customers. 

    In 2011 I returned to my Rotherham roots and began a series of Relationship Management support roles assisting various clients, including Private Individuals, Sole Traders, Partnerships and Limited Companies, across numerous business sectors. 2018 saw me complete 17 years’ service with Lombard and with it came the realisation it was time for a new challenge.  

    In my current role at Custom Business Finance I feel honoured to be part of a business that is completely dedicated to putting customers at the heart of all that we do.

    Away from work, I enjoy travelling, long walks in the countryside, listening to music and the occasional glass of red wine - hiccup.

    I very much look forward to working with you in the future and supporting all of your business needs. 

    Email: helen@custombusinessfinance.co.uk

    Phone: 07546511124

  • Ben Brown's photo

    Ben Brown
    Assistant Relationship Manager
    —

    I left college with strong qualifications and started employment at a local comprehensive school where I worked in their ICT department. After a year or so I moved into a classroom teaching environment having completed a HLTA qualification. This elevated my communication and interpersonal skills as I was more involved with behaviour management and in charge of external provision.

    Working with people and making a difference is a real passion of mine so now having the opportunity to work at Custom Business Finance in a different environment was an opportunity I grabbed with both hands.

    In my spare time I enjoy socialising, spending time with family, mixing with friends and going to the gym as often as I can.

    I look forward to working with new acquaintances as I develop new skills with CBF.

    Email: ben@custombusinessfinance.co.uk

    Phone: 07375830917

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Alternatively please contact us on:

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0114 442 8008

Support Articles

Recovery Loan Scheme (RLS) – what is it and how does it work?

19 May 2021

Nobody can deny that the last twelve months have been one of the most challenging periods faced by businesses. The financial support that is available for Covid-19 recovery and how you can access that support has changed a lot. It’s understandable if you’ve not been able to keep up! 

Most recently, the Chancellor has announced the new Recovery Loan Scheme. The Recovery Loan Scheme (RLS) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic and replaces the previous schemes that have been available such as the Bounce Back Loan, Coronavirus Business Interruption Loan Scheme and the Coronavirus Large Business Interruption Loan Scheme (BBLS, CBILS, CLBILS). 

UPDATE: Scheme extended until 30th June 2022

Below we will look at some of the key features of RLS and how it differs to previous schemes.

Key features until 31st December 2021

The key things that you need to know about the Recovery Loan Scheme is that:

  1. it is a partnership between the Government and a lender to facilitate lending to eligible UK businesses
  2. the maximum lending under RLS, including any previous scheme facilities, is the lesser value of £10m or the borrower’s specific limit
  3. it can be used to facilitate new lending and, to a limited extent, the refinance of existing debt
  4. the scheme is open to SMEs and large enterprises, and (unlike CBILS for example) there is no minimum or maximum turnover restrictions
  5. unlike the previous emergency lending support schemes, applicants to the RLS can have live facilities under those schemes (BBLS, CBILS, CLBILS) at the same time as an RLS facility (maximum limits apply)

What can you apply for?

  • Term loans or overdrafts of between £25,001 and £10million per business.
  • Invoice or asset finance of between £1,000 and £10million per business.

No personal guarantees will be taken on facilities up to £250,000. Above £250,000, the maximum amount that can be covered under RLS is capped at a maximum of 20% of the outstanding balance of the RLS facility after the proceeds of business assets have been applied. A borrower’s principal private residence cannot be taken as security. 

From 1st January 2022

Following the extension of the RLS to 30th June 2022, it is important to note the following changes that will be applicable to any applications from 1st January:

  • A maximum of £2million will be able to be borrowed per business, a reduction from up to £10million per business
  • The government guarantee of funds being borrowed will reduce from 80% to 70%

Who’s eligible?

You can apply for the RLS if your business:

  • is trading in the UK

You will need to show that your business:

  • would be viable were it not for the pandemic 
  • has been impacted by Covid-19
  • is carrying out trading activity in the UK
  • is not in collective insolvency proceedings (unless your business is in scope of the Northern Ireland Protocol in which case different eligibility rules may apply)

What is the term length?

The maximum length of the facility depends on the type of finance you apply for and will be:

  • up to 3 years for overdrafts and invoice finance facilities
  • up to 6 years for loans and asset finance facilities

A view from the experts…

“The Recovery Loan Scheme (RLS) scheme, which came into effect on the 6th April 2021, replaced the Coronavirus Business Interruption Loan Scheme (CBILS) and associated schemes which ceased on the 31st March 2021.

Following the success of CBILS and with economic uncertainty still apparent, RLS is intended to stimulate economic recovery through growth and continued investment. And whilst it is provided to support growth, the RLS is provided at the discretion of the lender and lending criteria can apply.

In my opinion RLS is a positive scheme and one that will support many UK businesses that may not have otherwise been able to access critical funding.”

- David Catling, Executive Director.

How do I apply?

The Recovery Loan Scheme is now open for applications. The programme has been extended until 30th June 2022.

Email or call us now to discuss the scheme further.

hello@custombusinessfinance.co.uk
0114 442 8008