Compass signs up to SME Finance Charter

Compass Business Finance has signed up to the new SME Finance Charter, reaffirming its support to businesses and SMEs.

Set out by the Business Finance Council, the SME Finance Charter has been created through collaboration with finance providers, business organisations and government, to identify areas that are significant in ensuring that the SME finance market works effectively.

The SME Finance Charter consists of five pledges, to which Compass has detailed their specific commitment. The five pledges state:

• We’re open for business and ready to lend.
• We’ll help you build back better after COVID-19.
• We’ll support your application and signpost other options if needed.
• We’ll treat you fairly at all times.
• We’ll work with the government-owned British Business Bank to support SMEs.

Mark Nelson, director at Compass Business Finance, commented, ‘Working in collaboration with the government and other finance providers is key to being able to offer the best possible support to the market. Signing up to the Charter reaffirms the commitment we have to our customers, to always do our best for them.’