On January 31st, Minister for Finance Paschal Donohoe TD opened the new Dublin corporate headquarters of Capitalflow, Ireland’s fastest-growing business lender, who is ramping up its lending services to Irish SMEs in 2019. Capitalflow also announced a commitment to lend over €300 million to the Irish SME sector in 2019 and highlighted the company’s aggressive expansion plans to rollout more regional offices.
Commenting on the opening of the new corporate headquarters, Capitalflow Chief Executive Ronan Horgan said; ‘’the core objective of our 2019 strategy is to lend a further €300 million to Irish SMEs on top of the €260 million we have already advanced to Irish SMEs since 2016. Our new corporate headquarters in Baggot Street will allow us to hire further lending professionals and bring our staff numbers to over 90 by end of the year and to double our staff numbers in the next two years.’’
In addition to the official opening of the new corporate headquarters, the company is committed to opening a third office in Cork in the next three weeks. A fourth regional office will open in the third quarter of 2019. The new office rollouts will facilitate its aggressive nationwide expansion strategy on the back on an already intensive recruitment drive. The company has already recruited 68 experienced lenders to the expanding Capitalflow team and plan to recruit over 20 additional senior staff in the year ahead. Furthermore, the company has headhunted experienced senior executives from other institutions in the past 36 months and are ramping up their campaign.
Ronan went on to say; ‘Our inverted business model sees the reintroduction of traditional, no-nonsense banking methods and brings business lending back to basics. Our team of senior advisors are solely responsible for their specific division and meet with our expanding client base on a one-to-one basis. In today’s business world, lending has become more difficult and complex for many people trying to run, grow and maintain businesses. Our team of senior advisors understand these pressures and provide instant solutions, taking the burden off busy SME owners.’’
According to Ronan, the key to the firm’s success lies in bringing back traditional banking practices to its services; ‘’Thankfully, the pillar banks have ignored key sectors of Irish industry and abandoned the idea of people doing business with people. This has provided us with a golden opportunity and our disruptive business model is to reintroduce traditional lending practices, where the person you meet on day one is the Capitalflow contact that will provide you with finance and build a lifetime relationship. Our tagline is ’Better Finance, Better Business’ and this fuels our relationships with our customers.’’
Capitalflow’s bespoke business model is designed around the needs of businesses who require rapid decisions on lending to allow them to seize opportunities and grow their business across Ireland.