Alternative lender continues major growth with significant appointment in its senior leadership team

Faye McDonough, formerly Cambridge-based principal at the independent asset manager BOOST&Co, has joined its sister company Growth Lending in a move that further enhances the alternative lender’s growing portfolio and business operations team.

A key part of McDonough’s role will be ensuring that clients across Growth Lending’s UK-wide portfolio are offered cutting-edge solutions for financial support, as well as being provided with a first-class customer experience. Growth Lending is targeting exponential growth in 2021, so this appointment will enable the delivery of key automation projects, which will help the business to scale.

Growth Lending is a leading provider of fast, flexible and tailored funding for high-calibre B2B firms. The team – based in London, Manchester and Bristol – has decades of experience with institutional lenders, alternative finance and invoice discounting, giving Growth Lending the confidence to lend quickly. The firm provided more than £80m of funding in 2020, including £64m under the government’s CBILS initiative, and aims to be a £200m business by the end of 2021.

The lender’s swift growth has created numerous national vacancies, including three opportunities in its new business team. Growth Lending currently has almost 50 employees, with an even split between men and women that is unusual in the finance industry and demonstrates the company’s focus on diversifying its workforce to reflect the world in which we live.

Faye McDonough, Growth Lending’s portfolio and business operations director, says: “The opportunity to support Growth Lending’s business function and its extensive portfolio is an extremely exciting one. The business has significant growth aspirations for this year and beyond, and with a diverse and expanding team, we are able to fund a wide range of businesses, wherever they may be.

“In my new role, I’m looking forward to building on the company’s already impressive portfolio, and I am confident that we can support new and existing clients with our smooth, tailored lending process in the months and years to come.”

Lauren Couch, managing director at Growth Lending, says: “Faye’s appointment provides a great opportunity to further the growth and development of Growth Lending. By stepping into this role, she will ensure that we provide the very best products for our growing client base.

“Faye has an abundance of expertise and will support Growth Lending in its commitment to offer bespoke funding and an unrivalled customer experience. I am confident that with Faye on board, we will continue to build our client base by maximising all the qualities that make us unique.”