Asset finance boost for SMEs as Azets forms partnership with Propel
Specialist UK asset finance provider Propel and accounting, tax and business advisory firm Azets have formed a partnership that will give thousands more SMEs access to fast and flexible asset finance for investment in plant and equipment.
Propel has a 25-year track record in supporting over 40,000 business customers with asset finance, including many Azets’ clients. By using their proprietary technology platform, ‘Propeller’, Propel can help SMEs meet their growth ambitions as they emerge from the pandemic.
Murdoch MacLennan, banking and finance partner with Azets in Scotland, said: “SMEs are the lifeblood of the economy. Our SME clients are looking for alternative solutions to their cash flow and funding issues and asset finance can help free cash tied up in their existing assets. Our partnership with Propel is a demonstration of our commitment to solving important problems for our clients and look forward to working with Propel to deliver the right asset finance solutions.”
Mark Catton, CEO, Propel Finance PLC, added: “I’m delighted Azets has chosen us as their strategic partner for asset finance to help SMEs finance their investment in capital equipment.
“Azets is one of the largest accounting, tax and business advisory firms in the UK, with an outstanding and rapidly growing SME regional practice. We know that SMEs are incredibly important to the recovery and vibrancy of the UK economy and we can support businesses needing or wanting help to invest and grow.”