Lloyds Bank has appointed a new area director for its commercial finance team which supports small- and medium-sized businesses in the West Midlands.
Tim Hanley has worked at Lloyds Bank for 35 years and takes up his new role after looking after companies in the sector in the Midlands and Oxford for the past 15 years.
He will oversee a team of five regional managers, which includes two new appointments, Chloe Alcock and Rob Horton.
Ms Alcock brings 12 years of experience to the role and will work with businesses with a turnover of up to £10 million across areas such as Wolverhampton, Lichfield, Staffordshire and Nuneaton.
Mr Horton will use his 28 years of experience to support firms in Birmingham and Solihull with a turnover of between £10 million and £25 million.
The commercial finance team works with clients to support their growth ambitions with products such as invoice finance and asset-based lending.
Commenting on the new team, Mr Hanley said: "Rob has worked with commercial finance products, and particularly invoice finance, for 22 years, and brings a wealth of experience to the team, along with Chloe, who knows the local market extremely well.
"Together, our focus is on delivering tailored funding solutions to help businesses in the West Midlands achieve their long-term growth ambitions."