One Stop Business Finance extends Shawbrook funding line

The lender provides a range of property-secured loans, such as bridging, development finance, invoice finance and asset finance.

It had an existing £6m funding line with Shawbrook, which has been extended by up to £4m.

The lender said that the bigger funding line was a “strong endorsement” of its development and way of working. It noted that it offered a flexibility and knowledge which meant it could help businesses when their bank is unable to do so.

Andrew MacKenzie, group managing director of One Stop Business Finance, said: “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 Randall, associate director of speciality finance at Shawbrook, said the bank was happy to increase the funding facility following “years of successful, prudent loan book growth”.

He added: “We value our relationship with One Stop Business Finance and look forward to remaining a key funding partner as the business continues to grow.”