The British Independent Retailers Association (bira)’s bank has launched two new products exclusively for bira members: fleet finance and balloon payment finance.
John Collins, managing director of bira bank, said: “Both fleet finance and balloon payment finance are products that bira members have been increasingly asking the bank to provide. We’re therefore naturally excited to be in a position to expand our product offering to our members with valued products which we know will help support their retail businesses.”
The addition of these two products increase the bank’s product range to nine different financial products, all aimed at helping the independent retailer with day-to-day financial requirements.
Speaking of fleet finance, John Collins, said: “What sets us apart from other providers is our ability to allow members to truly tailor their selection of vehicles whilst receiving one of the most competitive rates out there.”
Commenting on balloon payments, he noted: “This is where we really excel. We know our rates are extremely competitive, but it’s our service that we’re most proud of. With a small, dedicated, team we’re fast and efficient. Our members know they can rely on us when time is of the essence.”
bira bank is the only trade association owned bank in the UK. As part of bira, it specialises in products that benefit independent retailers both commercially and privately.
bira retail membership is open to independent retailers across the UK from single retail outlets to small chains, department stores, dealers and merchants, as well as associate membership for suppliers, manufacturers and distributors to the independent retail sector.