Finance

Mars Capital to launch new lending service for SMEs within months

Chief executive wants to join Banking Culture Board and change ‘problematic narrative’ that equates credit servicing firms with vulture funds

Colin Maher, chief executive of Mars Capital: ‘Ensuring we as an industry have the right culture for dealing with distressed customers is critical.’ Picture: Fergal Phillips

Mars Capital plans to launch a new commercial lending service, which will provide loans to small and medium-sized businesses, in the coming months.

Colin Maher, chief executive of Mars Capital, told the Business Post the company also wants to become a more active representative of the financial sector by joining the Irish Banking Culture Board and addressing a “problematic” narrative that credit servicing firms act like vulture funds.

Mars Capital was established in 2014 to ...