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Shawbrook Bank Continues to Support One Stop Business Finance with £15m Facility

17 Aug 2023
Shawbrook Bank Continues to Support One Stop Business Finance with £15m Facility

August has been a busy month for the team at One Stop Business Finance. Having signed the dotted line on two OSBF Plus deals and revealing that we have lent over £11m to our valued Invoice Finance clients, within our first year of offering our new product. It is a real pleasure to be able to help small businesses, up and down the country, access finance when they may not be able to source funding through traditional lenders or banks. 

Attributing to the news above, we are delighted that Shawbrook Bank has continued its partnership with us, increasing our total facility to £15m.

The increased facility, provided by Shawbrook, will allow us to keep delivering our flexible funding to clients and grow our loan book, helping in delivering services to an increased number of small businesses, UK-wide. Established in 2014 in York, we offer bespoke funding options to SMEs - from Working Capital solutions to Invoice Finance and Development Lending. We are proud to offer clients a truly personal service which includes access to a dedicated ‘trusted advisor’ who works one-on-one with business owners.

Our relationship first began in 2019, when Shawbrook provided us with a £3m facility funding our Bridging and Development finance book. This has since increased in line with business needs and growth, most recently having grown from £10m to £15m in June 2023.

Shawbrook is now our firm’s largest funding partner, with Shawbrook’s deep understanding both of our business and the wider market, being a key driver behind the relationship.

With this new funding injection, we will further be able to expand our remit, supporting an increased number of businesses with their funding needs and achieving long-term business success.

Andrew Mackenzie, our Group Managing Director at One Stop Business Finance, said: "I am delighted that we have been able to further build on the relationship that we began with Shawbrook in 2019.

“This additional funding line continues to sit well alongside our private money and ensures that we have sufficient cash availability to deliver our plan to become a nationwide lender.

“As conditions remain precarious across the country, it is important that we continue to strive in delivering our friendly flexible funding solutions to fund business growth for those who may struggle to access cash through the traditional routes.

“One Stop Business Finance’s commitment to helping SME businesses succeed starts with our people, which makes the team at Shawbrook the perfect partner to continue our journey with. Luke and the wider team make an exceptional effort to understand the products we offer and the businesses we support and what makes our business tick; wholeheartedly buying into our strategic growth plans."

Luke Randell, Associate Director of Structured Finance at Shawbrook said: “One Stop Business Finance offer much-needed support to the UK’s SMEs, and we’re pleased to be assisting them with their next stage of growth. The senior team’s professionalism and strategic management skills have been particularly impressive throughout our relationship with them, and we’re excited to see where they take the business next.

“Indeed, their management experience, overall track record, and security structure are all key to this continued partnership.”

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