It is a wholly owned subsidiary of Skipton Building Society.
The Telegraph [1] reported that, in late 2007, Skipton Business Finance had created a £25million credit line, to aide new businesses in the north of England that had at least £2million sales.
Skipton Business Finance was chosen by the UK government to be included as one of the lenders on the Enterprise Finance Guarantee,[2] a UK government guaranteed scheme.
This scheme enables businesses with a turnover of up to £25million[3] to be able to access loans from companies such as Skipton Business Finance, 75% of the loan of which is guaranteed by the UK government.
[4] It was reported in the Derbyshire press[5][6] that Skipton Business Finance had expanded its reach further into the East Midlands through the recruitment of new staff, following an increase in regional businesses requiring invoice finance.