Kunal Mehta

SDKA doubles its funding line with Shawbrook Bank

Bridging lender SDKA is set to accelerate its growth plans after receiving a multi-million-pound funding boost from Shawbrook Bank.

The specialist bank provided its first round of funding to SDKA in January 2020.

Now, Shawbrook has shown further confidence in the business by doubling this funding line.

In recent years, the Manchester-based firm — which provides short-term finance to commercial, mixed-use and BTL borrowers — has expanded its broker network across the UK, enhanced its IT systems, and increased its underwriting and legal operations.

“Shawbrook’s confidence in SDKA demonstrates the quality and faith they have in our business and is testament to the strengths we have shown in our underwriting, the services we offer our clients, and in the robust systems we have in place,” commented Kunal Mehta, managing director at SDKA (pictured above).

“In what has been an unusual year thanks to the impact of Covid-19, the dedication and commitment shown by our team has meant that we have supported more borrowers than ever before with our bridging finance. 

“This is thanks to our ability to understand our clients, make quick but responsible decisions and, above all else, lend with speed.”

He believes there are further “exciting times” on the horizon for SDKA. 

“The increased funding line from Shawbrook, coupled with the continued autonomy and confidence they have shown in us to lend responsibly, will help to accelerate our growth.”

Paul Tagg, senior director of block discounting at Shawbrook — who was part of the team that financed the recent facility for SDKA — said: “SDKA is relatively new to the short-term bridging market, but thanks to its strong management, impressive tech solutions, and quality systems, it has already established itself as a stand-out provider of bridging finance to individuals and companies across England and Wales.

“What continues to impress Shawbrook is the quality of service they are able to offer their clients, with clear decision making core to their proposition. 

“SDKA is growing, and we are delighted to support their growth and development; we believe they have a very bright future.”

Tracey Floyd, director of block Discounting (North,) played a significant part in the financing of this deal, and stated that she was pleased to be part of SDKA’s growth and looks forward to continuing its work with Kunal and the team.

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