Anthony Persse, chief executive of Optimum Finance, said: “Philip’s expertise is second to none, as a champion for small businesses and having written extensively on the benefits of Invoice Finance to support cashflow and business growth."
As a member of the operating board, Bryden will have overall responsibility for the operation and performance of commercial loans for the business.
The Recovery Loan Scheme supports access to finance for UK businesses as they recover and grow following the pandemic.
Bibby Financial Services (BFS) has launched a £300m pandemic recovery fund to support SMEs as lockdown restrictions are lifted over the coming months.
The complete facility comprised of an invoice discounting line, a plant and machinery revolver and a CBILS term loan.
The lender announced that it turned profitable in February 2021 and will continue to grow at pace as the business scales its products and operations.
Optimum Finance has appointed ex-Microsoft global director Gordon McIntosh as CTO, furthering its specialism in the FinTech space.
As Arcadia Group heads towards administration, Nimbla has estimated that around £250m of invoices owed to suppliers will go unpaid.
MarketFinance recently added business loans and revolving credit facilities to its product suite.
The appointment will increase MAFs agriculture and construction exposure.