The new division will be led by Thomas Bolan (pictured above), who joined the firm as a bridging and development broker in July from Blocks Capital.

According to Finanze, the business arm will provide SMEs with a range of business-related finance products, including secured and unsecured business loans, invoice finance, asset finance, and VAT loans, among others.

Finanze Business will also offer invoice discounting and other cash advances in a bid to help SMEs improve cashflow ahead of further economic uncertainty.

Alastair Hoyne, CEO of Finanze, said: “The next 18-24 months are predicted to be tough for businesses of all sizes and in all sectors.

“But times when other businesses batten down the hatches are seen by others as an opportunity to grow.

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“Finanze Business is here to help them do exactly that, protecting their cash flow and enabling them to emerge from the long recession that the Bank of England is predicting even stronger.”

Thomas added: “With higher energy costs, supply chain issues, a volatile currency, and prolonged uncertainty in the future of the economy, enterprises are bracing for more corporate distress heading into the next year.

“These are challenging times indeed, and many companies, understandably, see debt as a negative rather than a positive.

“But when used for the right reasons and in the right way, debt can be a useful tool not just to sustain a company, but also to grow it rapidly, especially in times when other businesses are restricting their activity.

“Through it, companies can emerge from recessions stronger, not weaker."