FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


D&D Leasing, Wesleyan Bank Sign $25MM facility

August 20, 2018, 07:06 AM

Wesleyan Bank, a specialist provider of commercial finance solutions and part of Wesleyan Group, announced a new growth initiative by entering the wholesale finance market with small ticket, finance house D&D Leasing.

D&D Leasing is an 18-year-old Canadian founded operation and a niche funder to professions and small business in the UK. The company has been established in the UK for nine years providing finance across the business loan, vehicle, equipment finance and leasing markets. The facility, a roughly $25 million wholesale line, will allow D&D Leasing to continue to fund and serve the growing and underserved professions business sectors.

D&D Leasing indicates it plans to open an office in the United States soon.

Rev. Dr. K. Bill Dost, Group CEO of D&D Leasing said, “We’re excited for this partnership; the team at Wesleyan know who we are, what we are about and believe in what we’re trying to do. Together, we have entered into a long-term arrangement that will continue to allow us to serve those who require a little extra assistance from their finance partner.”

Wesleyan Bank has over 25 years’ experience in the equipment finance and professional loans market. Entering the wholesale finance market is part of a series of “strategic initiatives to support the Bank’s ambitious growth plans,” said Steve Deutsch, Chief Executive of Wesleyan Bank.

"We are pleased to partner with D&D Leasing. In any business arrangement we seek shared values and good service to the end customer. We are confident that the excellent reputation of Bill and his team will give us the foundation of a successful relationship,” he added.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.