One Stop Business Finance secures £3m credit facility from Shawbrook
By Sam MonkShawbrook Bank has provided a £3m revolving credit facility to One Stop Business Finance Ltd (OSBF)
Section: Case Studies
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.
“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.
Keywords: Shawbrook Bank, specialist banking, UK banking sector, bridging and commercial, commercial loan, funding facility, One Stop Business Finance Limited, OSBF, SME sector, SMEs, revolving credit facility, specialist lender