Welcome to Eastern Credit, an independent finance company providing a personal service with fast decisions from a team of professional individuals you can trust.
At the heart of our company’s ethos lies a personal approach which allows us to create strong relationships. Our experience ranges from dealing with large blue-chip clients through to small owner/operator businesses. No matter who you are or what you wish to finance, we will provide you with an exceptional level of service.
Decisions are made quickly as all underwriting is done through our in-house team of professionals. We understand that fast decisions are paramount to our clients, so the team at Eastern Credit ensures that you have a decision within 24 hours, or often on the same day. Our speed and flexibility sets us apart from the competition.
The team at Eastern Credit has many years of experience operating in asset and property finance, providing tailored financial solutions from £5,000 up to £500,000. We continue to be the first choice as a strategic partner for numerous businesses, equipment dealers, finance brokers, accountants, solicitors, IFAs and consultants throughout the UK. Be assured, you are in safe hands.
Company History
Eastern Credit is an independent funder specialising in asset and property finance both direct to clients and via a network of introducers. It was incorporated in 2001 by our founders Derek and Paul Needham, who collectively brought with them years of industry knowledge and experience. As we have expanded our team of qualified professionals, we have successfully helped thousands of businesses obtain finance throughout the UK.
about our founders and other key players within Eastern Credit.
We believe you should know the people you are dealing with, as having the right team in place is a fundamental part of our service to you. Meet the key players at Eastern Credit and learn more about their role within the company.
Derek founded Norfolk & Suffolk Finance, which was incorporated in 1976, and successfully oversaw the growth of the business until its sale in 1989. Derek then repurchased the business in 1991 and, after further growth, again sold it for a substantial sum.
He now provides guidance to the team at Eastern Credit where we benefit from his many years of knowledge and contacts within the industry.
In the past three years alone, Paul has agreed tens of millions of pounds of funding for clients of Eastern Credit enabling:
New-start businesses to start trading
Businesses to refinance plant and machinery to pay off various debts
Small and medium sized businesses to expand by purchasing unusual assets
Our Company Secretary, David King, is a chartered accountant who came to the finance industry in 1999. Prior to this, he had worked with a ‘Big Four’ firm in London, the Middle East and Kenya before returning to the UK where he managed the UK port and distribution operations of a Scandinavian multinational company. He has been with Eastern Credit since its beginnings in 2001.
He currently heads the underwriting team where his experience across many business sectors provides the basis for devising sound solutions to finance proposals. He is also our Money Laundering Officer and is responsible for our Financial Conduct Authority (FCA) compliance as well as looking after all aspects of the company’s financial management.
Leah has been with Eastern Credit since 2009, and as New Business Development Executive, she deals with all aspects of sales and marketing.
She heads our Broker Department and specialises in securing asset finance for the more unusual deals, often involving new-start businesses and specialist equipment. Her rapport with her clients and introducers is an important part of ensuring we deliver an outstanding service.
I found Eastern Credit to be helpful & friendly. The personal service I received helped secure the funding I required quickly and efficiently.
Recently we have completed two deals with Eastern Credit and found the service outstanding. Both Paul and Justin were friendly and their service was quick, efficient and very reliable. I would highly recommend Eastern Credit because they worked extremely hard to meet our expectations.
I was able to get an answer the same day and best of all it was a “yes”! As a result we were able to secure a contract because we had the funds for the equipment we needed. Without Eastern Credit, this would not have been possible – we can’t thank you enough.
Contract building company in York
Eastern Credit made what looked like a daunting task of securing finance seem effortless and were always on hand to help. Thanks to them we managed to get our start-up business off the ground, we know who to call when we want to upgrade our equipment and expand. Thanks again for your exceptional and speedy service.
Eastern Credit were recommended to me after I was let down by another funder at the last minute. Not only did I find Eastern Credit helpful and understanding of my customers situation but the speed at which they dealt with the application was brilliant.
We contacted Eastern Credit to see if they could fund a family car at an affordable price. James got straight to work and in no time at all he found the exact car we were looking for with an affordable finance package. We wouldn’t go anywhere else now and highly recommend Eastern Credit and all of their staff.
Just a quick note to say a big ‘thank you’ for the excellent service provided by Eastern Credit during our recent financial restructuring. Throughout the whole process there was a no-nonsense approach and the exercise was completed in full and much quicker than expected. I have no hesitation in offering the highest referral possible.
When our delivery vehicle was written off, we were put in a difficult position with several nationwide deliveries booked in to meet customers’ show dates. Suitable hire vehicles weren’t readily available, but Leah and her team at Eastern Credit took the situation on board and did a first-rate job in getting finance in place quickly and without undue fuss. When a replacement vehicle was found, Leah was very good at tying up loose ends and chivvying for errant paperwork so that we were up and running again with no dramas for our customers. Thanks to all involved and to Leah in particular for her pleasant and engaging manner.
