SMA Vehicle Remarketing, the independent vehicle marketing group, has changed all of its banking facilities over to one bank.
Lloyds Bank Commercial Bank has taken over the provision of all the group’s banking facilities as part of a £13.8m (16.2m) funding package.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
These include providing revolving credit and term lending facilities to SMA.
SMA has used Lloyds Bank’s term loan to consolidate its two trading businesses into one enlarged business to delivers a simplified structure and stronger balance sheet.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
