Wesleyan Bank, a specialist provider of commercial finance solutions and part of Wesleyan Group, and DND Finance today announce the expansion of their existing wholesale finance facility to include Asset Finance.
DND Finance is a 19 year-old Canadian founded operation and a niche funder to professions and small business in the UK. The company has been established in the UK for ten years providing finance across the business loan, vehicle, equipment finance and leasing markets. DND has also recently expanded into the Charge Card market, offering a Visa solution to both Corporates and Individuals.
The facility, expands on the already operating Professions Loan facility agreed between DND Finance and Wesleyan Bank last year.
Rev. Dr. K. Bill Dost, Group CEO of DND Finance said, “I believe this speaks to Wesleyan Banks’ confidence in us and our ability to serve the SME marketplace. It will also now allow us to provide some fantastic Asset Finance Solutions to the same marketplace.”
Wesleyan Bank has over 25 years’ experience in the equipment finance and professional loans market. Entering the wholesale finance market is part of a series of “strategic initiatives to support the Bank’s ambitious growth plans”, commented Sean Read, Director of Operations at Wesleyan Bank.
About DND Finance
DND Finance a Division of D&D Leasing UK Ltd., a multi-national finance company was founded by Group CEO Rev. Dr. K. Bill Dost, in 2000 to fund the underserved SME arena in Canada and expanded to the UK in 2009. Their goal is to change the lives of 1,000,000 entrepreneurs. Impact leads to change. www.dndf.business
About Wesleyan Bank
Wesleyan Bank was established in 1993 and is a wholly owned subsidiary of Wesleyan Assurance Society. It provides tailored personal and commercial banking solutions to the professions, education and SME markets that span short and long-term loans and savings. It has strong professional affiliations
including relationships with The Law Society of England and Wales and ICAEW.
Wesleyan Assurance Society, which celebrated its 175th anniversary in 2016, is one of the UK’s strongest financial mutuals with over £7 billion of assets under management as at 31 December 2017. Being a mutual ensures Wesleyan can focus on the long-term needs of its members, customers and its communities, rather than maximising short-term profitability for the benefit of shareholders.
Wesleyan Group comprises:
- Wesleyan Bank – personal and commercial loans and deposits to SMEs, professions, IT vendors and resellers
- Wesleyan Assurance Society –life pensions, protection and investment products
- Wesleyan Financial Services Ltd– advisory service for the professions including life and pension plans, investments and general insurance
- Wesleyan Unit Trust Managers Ltd – ISA and Unit Trust manager
- Practice Plan – the UK dental market’s leading provider of practice-branded patient membership plans and patient finance
- DPAS – a major provider of practice-branded dental plans