Manchester-based responsible finance provider GC Business Finance has appointed Chris Hutchison as head of lending to drive growth and awareness of its loan and investment products and services.
Hutchinson joins GC Business Finance, which is part of The Growth Company, from RBS Group, bringing over 30 years’ experience in commercial banking, asset finance and SME support to his new role.
In his role, Hutchinson will be responsible for delivering growth in the lending and management of the £160m GC Business Finance loan portfolio, across a mix of products including Start Up Loans, the Northern Powerhouse Investment Fund, GC Angels and business growth loans.
Providing loans and investments between £500 and £500,000, GC Business Finance has supported thousands of the North West’s fastest growing and most visible new businesses including Zeal Creative, Seven Bro7hers brewery and Brighter World Energy.
Hutchinson said: “GC Business Finance is one of the country’s most respected alternative finance providers, working with and funding thousands of businesses that would otherwise simply not exist.
“What we have to offer is a unique ladder of finance that helps businesses of all sizes to grow and transition at the many different stages in their life, whether they need angel investors to back a life changing medical device, support to quickly capitalise on an export opportunity or start-up funding to launch a new venture.
“My role within the team will be to grow our reputation even further, proactively building awareness of our services across an ever evolving and expanding audience – from the banks and LEPS to start-up networks and influencers.”
Paul Breen, Director of GC Business Finance, added: “Chris has spent the past three decades working at the heart of commercial finance and SME support and will be a huge asset to our team. He understands what makes SMEs and start-ups tick and just how vital flexible and responsive funds are in helping pre-start, start-up and existing businesses grow.”
Established in 2002 and part of the Growth Company, GC Business Finance provides alternative business finance options for growing businesses that have been unable to obtain funding through a mainstream lender. Outside the North West GC Business Finance is a national back office provider for the Start Up Loans Scheme.