Santander Corporate and Commercial Banking has partnered with Propel Finance to provide asset finance to its clients.
The partnership builds on Santander’s relationship, sector and international expertise, supporting its growing portfolio of SME, mid-sized, and large corporate clients. Through the collaboration, Santander customers will have access to a range of asset finance options to support investment in business-critical equipment including plant & machinery, transport, construction, engineering, technology, and other assets. Santander clients will be supported by Propel’s bespoke technology platform and experienced team, alongside the bank’s team of dedicated relationship managers.
The partnership responds to strong demand for market-leading asset finance, enabling businesses to access competitive funding arrangements to support critical business investment and achieve their growth ambitions.
John Baldwin, CEO, Santander Corporate and Commercial Banking, said: “We are pleased to be partnering with Propel to offer our clients asset finance-based solutions for their businesses. Growing businesses are crucial to the UK’s economy and asset finance is a key growth enabler, helping firms to invest in equipment and technology through flexible funding options. By combining our relationship-led approach with Propel’s specialist expertise and technology, we are broadening the support we provide to help our clients achieve their ambitions.”
Mark Catton, CEO at Propel Finance, said: “This partnership reflects our shared commitment to supporting British businesses with the financial solutions they need to invest, grow and compete. Santander CCB has an outstanding reputation for supporting corporate and commercial customers with local and global banking, and we're delighted to bring our innovative asset finance proposition to their customer base.”
“Being chosen by Santander is brilliant endorsement for the Propel team, our credentials as a leader in UK asset finance, and the investment we have made in our technology platform to enable significant scale.”
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Notes to Editors
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. The bank serves its customers via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the FCA and the PRA in the UK. Santander UK plc customers’ eligible deposits are protected by the FSCS in the UK.
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. At the end of 2025, Banco Santander had €1.4 trillion in total funds, 180 million customers, 7,100 branches and 198,000 employees.
Propel Finance: Propel is the UK’s fastest-growing asset finance lender, helping SMEs and larger businesses access finance to acquire business equipment quickly and efficiently.
Propel has lent over £1.8bn to more than 70,000 UK businesses, partnering with leading Banks, Intermediaries, and Equipment Resellers to support customers investing in business-critical equipment.
In 2025, Propel launched PropelPay, its market leading embedded finance platform, extending flexible funding and subscription solutions to technology partners and their customers by enabling finance at the point of sale – in store, online or through assisted journeys.
Propel launched with Apple Financial Services in 2025 and is working with many leading technology resellers, offering tailored finance and subscription propositions for customers investing in the latest technology devices.
Finance is subject to status. Terms and Conditions Apply. Propel acts as a lender or a credit broker for business customers only.
Find out more at Propel Finance’s website: www.propelfinance.co.uk