We are delighted to have transcended a new lending milestone, exceeding £20 million for the first time after a record month in February.

This comes as we reach £15.7m of funding for entirely new deals throughout a 12-month period, despite continued turbulent economic conditions.

These figures represent a 34% increase in lending compared to the year prior.

In addition to the news, our loan book has increased from £14m 12 months ago, to £21m in February 2023, representing an impressive 47% increase.

Our team, which now covers the Yorkshire, the North West and the Midlands has successfully doubled in size, in a bid to continue to increase our level of service, offering, and volume of business. Commenting on the news, our Group Managing Director, Andrew Mackenzie, expressed his delight at the lending milestone:

“This milestone is reflective of the amount of funding that we can continue to offer businesses across the country. These record performances across all areas of our business are a demonstration that our ‘people first’ and responsible lending strategy continues to deliver strong results.

We remain committed to supporting the ambitions of Small to Medium businesses and are proud that we offer bespoke funding solutions to meet the needs of a diverse selection of industries.

SMEs are often the first to experience difficulties accessing finance during times of economic stress, yet by virtue of their size rely disproportionately on external finance for cash flow and investment opportunities.

When the banks say “No”, our friendly flexible funding solutions can offer cost-effective solutions so that businesses can focus on their growth goals, development, and recovery.

This milestone reflects the hard work of our whole team with the continued support of our private and institutional funders, as we push on towards the £30m target before entering our 10^th operational year.”

Established in 2014, One Stop Business Finance has gained extensive experience in supporting businesses with secured loans from our own private funding, retained profits and bank funding lines. Against a backdrop of rising interest rates, inflation and the pressures of the cost-of-living crisis, our Group has continued to accelerate origination levels at a time when credit conditions elsewhere across the United Kingdom, have tightened considerably. 

We are proud that we can support SMEs across England and Wales, with a range of financial services including Invoice Finance, Working Capital Loans, Development Lending, and Revolving Credit Facilities. 

From start-ups looking for funding to invest in equipment, to established businesses who require a cash injection for growth - discover our diverse portfolio of products through our website. 

For additional questions, please don't hesitate to get in contact with our friendly team of expert advisors.