The specialist bank is the first institutional lender to back the company, having provided its first round of funding to SDKA in January 2020.

The Cheadle-based lender is now aiming to increase the value of its loan book by enhancing its product offering and expanding its customer base further across England, Wales and Scotland.

It also plans to hire more staff over the next year to support its continued expansion.

Kunal Mehta, managing director at SDKA (pictured above), said: “At SDKA, we guide our team to provide exceptional customer service that inspires confidence and long-term business relationships.

“We’ve transformed our business via this philosophy over the last five years, building a competitive proposition that combines the traditional relationship aspects of lending with the efficiencies of new technologies, giving us a strong footing to target further growth.

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“Throughout our journey so far, Shawbrook’s expertise, consistent support and understanding of our approach has enabled us to expand rapidly.”

Luke Randell, associate director of the speciality finance team at Shawbrook Bank, added: “The volume of repeat business that SDKA wins is telling of the high-quality service it provides.

“Its disciplined team is ambitious with its growth plans and its ability to deliver commercial loans in just seven hours is a strong market proposition for customers who are looking to finance deals and investments quickly.

“Our speciality finance team has backed SDKA from very early in its journey, and we’re proud to continue supporting this fast-growing business as SDKA continues to fly from strength to strength.”

In 2021, SDKA also secured two additional funding lines from Aldermore and Downing LLP.