Momenta secures £200m from Lloyds for SME lending
By Jon YarkerFunding split equally between senior warehouse facility and accordion option
Momenta Finance has secured up to £200m from Lloyds for lending to SMEs.
This consists of a £100m senior warehouse facility from Lloyds, with a further £100m accordion option.
The facility will fund Momenta Finance’s unsecured business loans, helping UK SMEs access finance for working capital, investment and expansion.
Since 2023, Momenta Finance has secured more than £500m through facilities with banking and institutional partners.
“Securing a facility of this scale with Lloyds is an important step in supporting our growth plans, giving us the capacity to build on our underwriting and our platform,” said Tim Boag, CEO at Momenta Finance.
“It means we can back many more ambitious UK businesses through our broker partners and look ahead with confidence and certainty.”
Miray Muminoglu, head of securitised products group at Lloyds, added: “We’re supporting Momenta Finance with funding to help more UK SMEs invest and grow.
“Financing established non-bank lenders is an important part of our securitisation and specialist finance business, and this transaction demonstrates how our financing expertise helps them lend to UK businesses and support the wider economy."
Keywords: Momenta Finance, Lloyds, Bank, Development Finance, Funding, Loan, Tim Boag, Miray Muminoglu, SME, SME Funding, SME Builders