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April 24, 2019

JCB Finance celebrates lending landmark

Filed under: Uncategorized — EHN Team @ 9:52 am

JCB Finance is celebrating the milestone news that total lending has reached an all-time high. For the first time in its history the amount currently being lent to fund the purchase of machines has broken through the £1 billion barrier.

And the firm’s 100 employees are celebrating because bosses have treated them to a weekend away for two to mark the milestone, which comes ten months before the company’s 50th anniversary.

JCB Finance was set up in February 1970 under the name JCB Credit. Today the operation provides hire purchase and leasing options for UK business customers and has facilitated the purchase of more than 250,000 JCB machines over the past 49 years. Including money loaned to acquire other plant and vehicles, JCB Finance has now lent more than £13 billion to UK businesses.

JCB Finance MD Paul Jennings described the milestone as “a very good indicator that confidence levels in our sector remain resilient.”

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