1pm plc, an independent specialist provider of financing to UK SMEs, has appointed Joe Ralphs to the new role of head of soft asset broker.
Ralphs, who has over 12 years’ experience with the 1pm Group, worked his way up through the ranks first gaining experience as an underwriter and then operations manager before taking on a role that would see him manage broker relations within the organisation.
Ralphs will now take on responsibility for managing the new business operation while continuing to develop the panel of brokers across the soft asset division, the company said.
Before joining 1pm, Ralphs was with Portman Asset Finance as a sales manager.
Carol Roberts, head of asset finance at 1pm Plc, said: “This is a thoroughly deserved promotion for Joe who has an excellent reputation for developing long-standing relationships with his broker network and delivering creative funding solutions to their clients.
“In what is an incredibly challenging time for small businesses, we are doing everything we can to support our brokers and their clients, and Joe is the ideal employee to lead our Soft Asset Broker division in doing so.”
On 24 June, Onepm Finance announced that lending under the Coronavirus Business Interruption Loan Scheme (CBILS) had gone live following accreditation from the British Business Bank.
1pm plc, the AIM-listed independent specialist provider of finance facilities to UK SMEs, through its wholly-owned subsidiary, Onepm Finance, said it was accepting applications for emergency funding under CBILS.
Working closely with a select panel of the firm’s brokers, 1pm said it had extended access to its CBILS asset finance in a bid to support smaller businesses to access the funding support.
1pm Group offers asset finance, invoice finance, commercial loans through to vehicle finance.