The credit facility will help to support OSBF’s growth plans in the SME sector.
Paul Tagg, senior director of structured finance at Shawbrook Bank, said: "Working with OSBF is a natural fit for Shawbrook as we have solid experience in providing resources for other funders and of the SME sector itself.
- One Stop Business Finance sees loan book grow by a third in three weeks
- Hitachi Capital UK bolsters presence in Europe
- The complexities and opportunities of the bridging market in Europe
“We look forward to building on this relationship and supporting the growth of SMEs in Yorkshire, the North East and across the country.”
Andrew Mackenzie, managing director at OSBF, added: “We are regularly reminded of the challenges SMEs experience when looking to secure additional funding and our aim is to provide the right product.”
This news follows a record period of growth for OSBF.
Leave a comment