Small business lender SWIG Finance appoints new director
Small business lender SWIG Finance has appointed Nicola Parker to the role of lending and markets director.
The appointment comes four years after Nic was promoted to senior business manager. In her new role she will take responsibility for leading, developing, managing, and coordinating loan origination and delivery.
She will continue to lead the SWIG Finance Business Loans team and ensure delivery of the company’s growing loan funds for SMEs in the South West region.
Nic joined SWIG Finance in 2019 with more than 20 years’ experience in financial services, which includes 15 years’ experience in the social finance sector, where she has been instrumental in driving social value for smaller businesses across the South West.
In the past year alone, Nic has doubled SWIG’s commercial broker network and led the integration of new technology to streamline lending operations.
During her time at SWIG Finance, Nic’s commitment to delivering long-term value for SMEs and communities has helped transform access to finance for under-served businesses, establishing the company as one of the UK’s leading Community Development Finance Institutions.
“I’m proud to have joined the SWIG Finance board in my new role,” said Nic. “It’s an exciting opportunity to contribute to SWIG’s ongoing growth and its evolving role in the market.
“I look forward to further developing our loan funds and exploring new opportunities to support businesses across the region. I’m grateful for the ongoing support from the entire SWIG Finance team as I step into this next chapter.”
SWIG’s MD, John Peters, said “Nic is an integral part of our success story and thoroughly deserves this promotion. It’s fantastic to witness team members flourish and take increasing responsibilities. I am very happy for her.”
Nic’s promotion comes during a period of sustained growth for SWIG Finance, which achieved record levels of lending in the last year.
The company is the appointed fund manager for the British Business Bank’s £20 million South West Investment Fund (SWIF) Small Loans, as well as being the provider of a £10 million facility through the Community Investment Enterprise Fund (CIEF).
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