Specialist lender, One Stop Business Finance, has secured an extension of up to £4 million to its existing £6 million funding line from Shawbrook Bank.
The facility has increased to £10 million on an uncommitted basis, which allows One Stop Business Finance to continue to support SME businesses throughout England and Wales. This follows sustained profit growth and a successful recruitment campaign, which saw eight new team members join the group earlier this year.
The company typically funds secured property transactions, offering responsible, alternative funding solutions such as working capital, bridging, revolving credit facilities, and invoice finance.
Andrew Mackenzie, group managing director of One Stop Business Finance, said: “I am delighted that we have been able to build further 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 short-and medium-term plans.
“Shawbrook continues to be very easy to deal with and has wholeheartedly bought into our strategic growth plans.”
Luke Randell, associate director of speciality finance at Shawbrook, added: “Shawbrook has proudly supported One Stop Business Finance since 2019 recognising the business’ success in providing flexible financial solutions. We were able to provide a bespoke funding solution increasing our facility to £10 million following years of successful prudent loan book growth.
“We value our relationship with One Stop Business Finance and look forward to remaining a key funding partner as the business continues to grow.”