The Financial Intermediary and Broker Association (Fiba) has appointed SWIG Finance to its lender panel.

SWIG Finance is a subsidiary of the South West Investment Group and provides loans to smaller SMEs throughout the South and South West from offices in Bristol, Exeter, Poole and Truro.

It typically lends unsecured loans of up to £250,000 over a five-year term.

Fiba chair Martin Reynolds says: “It gives me great pleasure to welcome SWIG Finance to our lender panel.  Its unique approach to supporting small businesses looking for financial solutions, often less accessible from bigger lending institutions with templated lending parameters, has been an essential lifeline to many in the South West, and will continue to be so for many years to come.

“I am particularly pleased to see its approach to welcoming business through an intermediary association populated by firms and individuals dedicated to finding suitable lending partners for their clients’ particular development requirements.”

SWIG Finance senior business manager Nicola Parker says: “By partnering with FIBA, we’re looking forward to expanding our network further and cultivating new relationships to help us support even more businesses. As our lending decisions are based on the potential of a business rather than its collateral, we can support businesses that may not be an easy fit for algorithm-driven lenders. The funding we provide is hugely beneficial to customers who might need a people-based approach.”