Our Partnership with Barclays
With over a million business customers and over 300 years of heritage, businesses trust Barclays as their partner for growth.
Propel has partnered with Barclays Bank UK PLC to assist SME business customers in accessing market-leading asset finance services for the purchase of equipment and vehicles. Together, we enable businesses to maximise their opportunities, driving productivity and performance.
If you’re an existing Barclays Business Banking customer, please get in touch with Barclays at 0345 605 2345 to discuss your funding options.
If you’re new to Barclays Business Banking, please contact Barclays at 0800 515 462 to see how we can help.
If you would like to speak with our team, please call our team at 0203 948 2995 or simply complete the enquiry form at the bottom of the page.
Subject to application, fees, terms, and conditions.
Our Partnership
This collaboration is a key part of Barclays’ strategy to help SMEs access fast and flexible asset finance. For Propel, it's about extending our reach to even more businesses across the UK. Together, we share a single goal – propelling businesses forward with the best equipment and vehicle finance solutions.
“SMEs are the lifeblood of the UK economy, and we’re proud to work with Barclays to help drive further growth. Working closely with Barclays’ network of around 700+ UK Relationship Managers and over one million small business customers across the UK, we can support those who need investment in capital equipment across all industries and equipment types to grow their businesses. We believe that combining exceptional customer service with cutting-edge technology truly makes a difference for customers.”
Mark Catton, CEO, Propel Finance PLC
“Many small businesses are seeking to diversify and strengthen their enterprises as they recover from the impact of the pandemic – whether that involves purchasing a van for home deliveries or investing in advanced cleaning equipment to meet new demands.
By partnering with Propel, we offer our clients access to a market-leading product that provides them with even more flexibility when selecting the right finance to support their businesses. It’s vital for the UK economy’s recovery that we continue to boost the confidence of small businesses, and our team of relationship managers is here to help them invest for the future.”
Hannah Bernard, Head of Business Banking, Barclays UK
What are the advantages to your business?
Access the latest assets immediately
Gain a competitive edge by harnessing the use of the most efficient assets available today.
Boost your cash flow
Spread your asset costs over time, simply, quickly and conveniently.
Unleash working capital
With no need to pay for assets upfront, you can unlock your capital for more profitable use in your business.
Preserve your existing credit lines
Your existing credit lines, such as bank overdrafts and loans, remain untouched and are still available for your use.
Which businesses can use asset finance?
Limited Companies and PLCs
Sole Traders
Partnerships and LLPs
Registered Charities
Local Authority Bodies
Clubs, Associations & Societies
Based in the UK (new businesses included). Subject to T&Cs
Customer Spotlight
Learn more about FurnitureBox, an online furniture E-commerce company based in Chippenham and how we supported them in partnership with Barclays.
“It’s been a bit of a breath of fresh air, to be honest, from a corporate company, because you (Propel) genuinely have cared about what we’re doing and want to get to know our business. It wasn’t just a case of coming in and saying, ‘Right, what are the numbers? OK, this is what we can do’. It was understanding how we operate all the way through our cycle and then how you can support us.”
Monty George and Dan Beckles, Co-Founders, FurnitureBox
Discover more:
Further details on our partnership with Barclays can be found on the Barclays Business Banking Asset Finance Page
If you are a Barclays Business Customer, please feel free to reach out to your usual Barclays Business contact
Get in touch with our experts today!
At Propel, we’re here to help you drive your business forward by delivering the competitive asset finance solutions you need – when you need them.
If you would like to talk to the Propel Sales Team please call us today on 02039482995, or simply complete the enquiry form to the left. Fields marked with an * are required.
We look forward to working with you.
Propel acts as a credit broker or a lender for business customers only. Barclays Bank UK PLC acts as a credit broker, not a lender. If the application is approved the product will be provided and administered by Propel and you’ll be asked to accept their terms and conditions. Barclays may receive a commission fee if you become a Propel customer and are an existing Barclays customer. Finance is subject to status. Terms and Conditions Apply.
Propel Finance Plc is registered in Wales, Company no 04015132. Propel Finance No. 1 Limited is registered in Wales, Company no 10003271. Registered offices are at Unit 5, Langstone Business Village, Langstone Park, Newport, NP18 2LH. Propel Finance Plc and Propel Finance No.1 Limited are authorised and regulated by the Financial Conduct Authority
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