Credit Strategy will hold its inaugural Commercial Finance Awards at the London Hilton Bankside on October 31.
The awards will recognise the successes in leasing, asset finance and commercial lending. We’ll be championing the leaders shaping the industry, the firms who are continually raising standards and the most successful deals within the sector.
While commercial finance providers have been recognised at the Credit Awards and in our Turnaround, Restructuring and Insolvency (TRI) Awards scheme, and have been represented at The Credit Summit and F5 events they have not had a dedicated event in the Credit Strategy product portfolio.
The awards consist of 15 categories including Best Commercial Bank, Best Support for SMEs, Best ‘One Stop Shop’ for Commercial Finance and Best Credit Information Provider.
Entries for the awards have opened today. Confirmed judges of the judging panel include Peter Hunt, director at Growcap, Jo Davis, partner at Locke Lord, and Fred Crawley, consulting editor at Credit Strategy.
Crawley said: “New lenders seem to be springing up every month, in both the traditional arenas of asset finance, invoice finance and property lending, and a host of more exotic, tech-enabled funding brackets.
“This is great news on the surface, but talk to the veterans present and you’ll find it makes them nervous. There hasn’t been such a frenzy for lending in more than a decade, and many feel there are some worrying parallels with the way the market overheated in 2006.”
The awards will follow the Commercial Finance Conference which will shortly be launched by Credit Strategy and will be held on the same day as the awards.
The conference will focus on the two largest branches of UK commercial finance - asset finance and invoice finance - although it will also take in a range of alternative lending types, as well as speaking to the broader world of business banking.