Shawbrook Bank has extended a £20m facility to One Stop Business Finance (OSBF) to support its growth and funding capabilities.
The increased facility will enable One Stop Business Finance to provide flexible funding to a greater number of UK SMEs.
OSBF offers a range of commercial funding solutions, including working capital, revolving credit, bridging, and development loans.
The partnership between OSBF and Shawbrook began in 2019 when Shawbrook provided a £3m facility to support OSBF’s bridging and development finance activities.
This facility has increased in line with OSBF’s growth, rising from £15m to the current £20m.
Andrew Mackenzie, managing director at One Stop Business Finance, said: “I’m thrilled that we’ve been able to strengthen the partnership we established with Shawbrook in 2019.
“This additional funding line complements our private money, ensuring we have the resources needed to deliver our goal of becoming a national lender.
“It’s vital that we remain focused on providing our friendly, flexible funding solutions to support business growth, especially for those who find it difficult to secure cash through traditional avenues.
“Our commitment to helping SMEs thrive starts with our people, which is why Shawbrook is the ideal partner for our ongoing journey.
“Luke and the team at Shawbrook go above and beyond to understand our products, the businesses we support, and the core of our operations, fully embracing our strategic growth plans.”
Luke Randell, director at Shawbrook, said: “One Stop Business Finance provides essential support to the UK’s SMEs, and we’re thrilled to assist them in their next phase of growth.
“The senior team has consistently demonstrated exceptional professionalism and strategic management throughout our partnership, and we look forward to seeing how they advance the business further.
“Their management expertise, strong track record, and solid security structure are crucial elements in the ongoing success of this collaboration.”
