One Stop Business Finance sees loan book grow by a third in three weeks

One Stop Business Finance has reported a record period of growth during the first three weeks of March.

The Yorkshire-based SME funding specialist has seen the value of its loan book increase by a third.

The company completed a record nine transactions totalling £3.5m.

The March loans are expected to facilitate the growth of businesses in a range of sectors, from residential housebuilding and property refurbishment to waste management and retail lighting.

One Stop Business Finance specialises in providing funding to SMEs which have been unable to access support through their bank.

Andrew Mackenzie, managing director at One Stop Business Finance, said: “Our business development managers — with help from our non-executive director David Jockel — have delivered a series of deals which has seen our loan book increase by a third in the space of just three weeks.

“This represents tremendous growth for One Stop Business Finance and rewarding for the whole team to be able to assist so many different clients to develop their businesses, create employment opportunities and thrive.

“Our excellent network of external partners has played a key role, too — in particular, we could not have achieved this record performance without the exceptional support of Ben Slack’s team at Clarion, who are instrumental in the continued success and evolution of the One Stop Business Finance brand.”

Based at Laytham near York, One Stop Business Finance offers secured loans from its own funding and through its network of finance providers.

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