Business and Retail bank, offering Business & Charity current accounts, savings accounts and business loans
But it’s also so much more than that
As part of The Salvation Army, our mission is to serve customers and communities with compassion and integrity
What is CFN
CFN is our Commercial Finance Newsletter that will bring you the most recent insights and updates from Reliance Bank's Commercial Finance team
Look out for upcoming newsletters filled with valuable content, customer stories, and stay informed about business development
Executive introduction from CEO Nikki Fenton
As the Chief Executive Officer for Reliance Bank, it is my pleasure to share our Newsletter detailing our positive contribution to the network of Commercial Finance brokers. Reliance Bank prioritises business lending to organisations that deliver positive social impact in the UK.
Editor: Victoria Addy
Graphic Designer: Ozzy Amodeni Reliance
Meet the Commercial Finance Team
Helping good people do great things with money.
Reliance Bank has been at the forefront of socially responsible banking since 1890, when we were formed by William Booth the founder of The Salvation Army.
Reliance Bank are proud of its shareholder The Salvation Army International, who help people whose lives have been affected by emergencies, disasters, poverty, and social inequality To
Our Relationship Directors have proudly funded the following deals:
Funding amount: £980K
Sector: Community
Purpose: Refinance
Funding amount: £450K
Sector: Faith
Purpose: Refurbishment of Church
Funding amount: £1 235m
Sector: Healthcare
Purpose: Purchase of Care Home
Funding amount: £840K
Sector: Charity
Purpose: Refinance
Funding amount: £2.3M
Sector: Social Housing
Purpose: To purchase a property
What we offer
At Reliance Bank, we are dedicated to transparency and ensuring that our customers are fully informed about the financial products we offer.
We prioritise our business lending to those organisations that deliver positive social impact in the UK
We provide loans for:
Features:
Tailored loan pricing on a case-by-case basis
Simple application process and fast decisions
Early indication of our appetite to lend
Specialist sector experience
Tailored solution to suit your organisations unique requirements
You’ll have a named Relationship Director and Portfolio Manager to contact directly when you need to speak to someone.
Sectors
We have a specialist understanding of the following key sectors:
Faith Organisations; Churches,
Religious Orders
Charities
Community
Health and Social Care
Social Housing
Social Enterprises
Education
SME sectors
Power to change ives for the better
Reliance Bank aligns its lending practices to the United Nations Sustainable Development Goals (SDG’s) – a global framework for governments, businesses and societies to help reduce poverty, protect the planet’s future and improve people’s lives.
Reliance Bank’s funding helped:
Reduce poverty for People
545
Reduce hunger for People
2,100
256 People with their health care needs
2,900 People with community centres and facilities
443
People receive personal learning and development opportunities
Created and protected Jobs
76
What our customers say about us!
Reverend Donna Williams of All Saints Hampton commented
When we received the funds, we were elated And I was quite honestly relieved The community was waiting for it The Church was waiting for it. There were a lot of expectations, knowing that you can complete a project. And you have got all the funding it removes the focus on trying to get funding to delivering on the project And then start planning on how we were going to use it in the Community We were closer to our dream being realised and our vision being fulfilled. So, it’s excellent when you’ve got the funding to be able to do that ”
Jill Parker MBE who is a Trustee for JPK Project commented:
It has been a pleasure to work with David Price and the Reliance Bank Team. David’s support and assistance during the negotiations for the loan facility was extremely helpful
The JPK Contractors are currently undertaking the building work and it is estimated that they will be finished by the end of March, with just the Garden Area to develop ”
Commercial Finance Broker Testimonial
Steve Bowles Broker A&T Business Associates commented:
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Making life easier
Streamlining the process from enquiry to credit approval to get you and your clients a faster response.
We understand that information varies for each transaction and by sector There are some requirements that are common for most cases and having it early on helps us to assess the case, present you with terms and move faster to credit approval with a reduced number of CPs for completion
We like to speak to clients early in the process and having the background information makes the discussion more focussed
When asking for funding, please provide the following documents to Reliance Bank:
Business proposal summary
Company or charity name and structure chart if a group
Financial Forecasts
Last 3 years’ financial accounts for borrower and any associated business relevant to the case (from which income is derived from)
Last 6 months’ business and personal (if required) bank statements
Detailed Asset Liability Income Expenditure schedules for shareholders and directors
Details of properties to be taken as security with title numbers and copies of any valuations held
Portfolio schedule with details of existing debt / repayments and income / tenancy details (if applicable)
Summary of key personnel with CVs / details of experience
Loan Book
Loan Book by sector as at 31/03/2024
Commercial Finance Events Programme
The Reliance Bank Commercial Finance team has had a busy events programme, attending conferences in our core sectors. They enjoyed insightful presentations, meeting contacts and making new connections.
Events attended include:
Housing Community Summit – 9 – 10th Sept 2024 ACC Liverpool
Womens Network – week of 9th September 2024
She Rocks Business – 3rd October 2024
Care Show 10th October
Charity Finance Summit – 10th October 2024
Mortgage Business Expo 10th October
Business Expo Torquay – 17th October 2024
Our Performance
In 2024, Reliance Bank generated Profit before Tax (PBT) of £1.9m (2023: £0.2m). The strong improvement was driven by continuing growth in the lending portfolio against a background of higher interest rates whilst carefully managing funding costs and administrative expenses.
The Bank continues to grow its profits sustainably and in line with its mission to deliver positive societal outcomes aligned to the mission of The Salvation Army International. The improvement in the profit levels enabled the first gift aid donation to The Salvation Army International since 2019. The mission of The Salvation Army International is to help people whose lives have been affected by emergencies, disasters, poverty and social inequality.
