A NEWLY established firm of commercial and business finance specialists has received full consumer credit permissions from the Financial Conduct Authority (FCA).

Pinpoint's director, Keith Humphreys, said: “This is fantastic news and we are now looking forward to delivering a wider range of services to our clients.

“This has been a detailed and lengthy process with the FCA for all involved and the granting of these permissions underpins the firm’s core principals of transparency, high customer service and treating customers fairly.”

Based at the Innovation Centre at the University of York, Pinpoint Finance is a credit brokerage with 25 years of experience in commercial finance. Offering access to funding to a variety of business owners including clients of local solicitors, accountants as well as residential mortgage specialists and independent financial advisers.

Pinpoint Finance covers a wide area including York, Ryedale, Selby, Hambleton and the North Yorkshire coast. It sources loans from the market using a range of funders to help deliver suitable finance solutions to their clients.

Pinpoint Finance can introduce clients to a range of commercial business loans and mortgages, property investment finance, asset and development finance, as well as cash-flow finance.

Mr Humphreys said Pinpoint also offered a number of other services, including business consultancy and planning.

He said: “Reviewing existing arrangements or finding finance can be a difficult, confusing and time-consuming process for most business owners which is why choosing the right commercial finance broker is crucial.”