The funding package has been structured to provide ongoing working capital post-acquisition to enable the business to drive further growth.
By having assets pre-valued, customers have a confirmed facility which is ready for them when they choose to use it.
Paul Bartley said: “These latest appointments complement an already growing team and further enhance our capability and increased appetite to pursue an ambitious growth strategy."
Contemporary works from Banksy, Andy Warhol, Pablo Picasso and Tracey Emin, along with the occasional old master painting, have been used as security for loans which usually start at upwards of £100,000.
According to the business, the change indicates an evolution from a manufacturing-based heritage to a global financial institution.
Arbuthnot Commercial ABL has completed a £3.62m facility to support ThreeSixty Investments’ acquisition of Technocover from PLC ownership.
As a member of the operating board, Bryden will have overall responsibility for the operation and performance of commercial loans for the business.
Time Finance has appointed Abbie Mosley, previously of Bluestone leasing, as broker manager in the business' asset finance division.
Suros Capital has advanced a short-term loan of £210,000 for a diamond and jewellery dealer waiting on a payment from a customer.
Nathan Mollett, head of asset finance at United Trust Bank, said: "Louise brings a huge amount of hands-on business transformation experience and will work alongside me in ensuring the asset finance division is fit to support our ambitious growth plans.”