Brightstar launches invoice and asset finance arm

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Brightstar has officially launched its invoice and asset finance arm after a seven-month pilot

Brightstar’s invoice and asset finance team, which also covers unsecured lending, was launched in December 2015 and is headed up by commercial finance specialist Paul Debney.

Debney says: “Invoice and asset finance are growing areas of lending and, as a result, it is no surprise that borrowing against assets has become a more mainstream option for those looking to unlock funding and fuel growth.

“While working with lenders who offer a flexible approach to underwriting, Brightstar’s new invoice and asset finance arm allows the team to be even more specialist in an array of areas of commercial finance, offering intermediaries a full suite of solutions to achieve their goals.”

A Brightstar statement says individuals and firms increasingly use asset finance to acquire equipment and for leasing and hire purchase agreements.