Redwood Bank has completed over £250m of lending to customers less than three years since it launched.
The bank has continued to fund small and medium enterprises (SMEs) throughout the pandemic, loaning £100m since the start of the year. Of the £100m loans, £60m was released since lockdown began in March.
The team has also expanded during the pandemic, with 10 employees joining the bank and 14 new roles currently being recruited.
Redwood Bank provides mortgages for business owners and professional landlords, as well as a range of savings accounts, which are offered to businesses, charities, clubs and associations.
Gary Wilkinson (pictured), CEO and co-founder of Redwood Bank, said: “We’re completely committed to, wherever possible, helping businesses grow, refinance and diversify, particularly as many are now having to deal with the consequences of Covid-19, and our figures speak for themselves.
“Reaching this momentous milestone in just under three years shows that we have had, and still have, a strong appetite to lend.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS