Business and Retail bank, offering Business & Charity current accounts, savings accounts and business loans
But it’s also so much more than that
As part of The Salvation Army, our mission is to serve customers and communities with compassion and integrity
What is CFN
CFN is our Commercial Finance Newsletter that will bring you the most recent insights and updates from Reliance Bank's Commercial Finance team
Look out for upcoming newsletters filled with valuable content, customer stories, and stay informed about business development
Executive introduction from CEO Nikki Fenton
As the Chief Executive Officer for Reliance Bank, it is my pleasure to share our inaugural Newsletter detailing our positive contribution to the network of Commercial Finance brokers. Reliance Bank prioritises business lending to organisations that deliver positive social impact in the UK.
Editor: Victoria Addy
Graphic Designer: Ozzy Amodeni
Reliance
Meet the Commercial Finance Team
Helping good people do great things with money
Reliance Bank has been at the forefront of socially responsible banking since 1890, when we were formed by William Booth the founder of The Salvation Army
Reliance Bank are proud of its shareholder The Salvation Army International, who help people whose lives have been affected by emergencies, disasters, poverty, and social inequality
Sector Specialisms
We have a specialist understanding of the following key sectors:
• Faith Organisations; Churches, Religious Orders
• Charities
Community Health and Social Care
• Social Housing
• Social Enterprises
Education
Property investment
• SME sectors
To find out how we can help email commercial@reliancebankltd com
Chirag Mistry
What we offer
Term loans
Lending from £250k to £2.75m
Repayment term up to 25 years with 5-year commitment
Typically, up to a maximum of 65% loan to security value
Tailored loan pricing on a case-bycase basis
Simple application process and fast decisions
Early indication of our appetite to lend
Specialist not-for-profit sector experience
Tailored solution to suit your organisations unique requirements
You’ll have a named relationship manager to contact directly when you need to speak to someone They’ll understand your organisation, and the challenges you face.
Power to change lives for the better
Reliance Bank aligns its lending practices to the United Nations Sustainable Development Goals (SDG’s) – a global framework for governments, businesses and societies to help reduce poverty, protect the planet’s future and improve people’s lives
Reliance Bank’s funding helped:
Reduce poverty for People
545
Reduce hunger for People
80
150 People with their day care needs
2,050
People with community centres and facilities
433
People receive personal learning and development opportunities
76 Created and protected Jobs
NACFB Expo
June was an important month with our exhibition stand at the NACFB Expo It was so energising to meet so many great brokers at the NACFB Commercial Finance Expo 2024 at the NEC on Wednesday 26th June 2024
It’s the highlight of our year to meet our introducers and discuss some exciting deals
Commercial Finance Events Programme
Reliance Bank Commercial Finance team have had a busy events programme attending conferences in our core sectors. They enjoyed insightful presentations, meeting contacts and making new connections.
Events attended include:
sapien, et lli i di li l m pretium U orper Sed a torto mper facilisis a n acus
Proin non s vitae in erat Nam dignissim
k in time and immerse yourself ge rou a en
What our customers say
Reach Church
We were looking for an ethical bank that understood our mission and were willing to walk with us through a pandemic. Reliance Bank understood, stepped up and delivered.
Team Expanded: The Commercial Finance Team has expanded to 11 with a mix of experienced Relationship Directors and Portfolio Managers
Portfolio Management team introduced Our Portfolio Management Unit was set up in 2023 and led by Faye McDonough Faye and her team play important roles working with the Relationship Directors to complete deals and manage relationships with our clients
Processes streamlined and efficient We have reviewed and improved processes from enquiry to approval then through diligence and completion At each stage, we have regular contact with clients, introducers and professionals to ensure everyone is clear on the timescale and outstanding items
Follow-up meeting We know how busy the period is up to completion when the focus is getting the deal done Soon after completion, we arrange a follow-up meeting with an RD, Portfolio Manager and client to go through key terms and information requirements to ensure everyone is clear on what is needed
Regular broker engagement Relationship Directors maintain regular contact with their broker contacts and are always keen to chat to understand the needs of clients
Submit an enquiry to our Commercial Finance Team by emailing us at: Commercial@reliancebankltd com
Reliance Bank hosted an exclusive roundtable discussion at law firm Shakespeare Martineau’ s Birmingham office.
The closed discussion aimed to deepen broker understanding of the challenges currently faced by commercial finance brokers in the UK The roundtable featured insights from Norman Chambers – Managing Director for NACFB and its role in championing intermediary-led lending, alongside Morag Davies and Chirag Mistry from Reliance Bank discussing sector challenges and outlook for 2024/25 An interactive session led by Naomi Tudor from Shakespeare Martineau explored transactional experiences in more detail
We had an engaging and dynamic discussion that stepped through how we can enhance our customer journey; empowering brokers to complete deals on behalf of their clients as smoothly as possible
