Shawbrook’s speciality finance team has reached a milestone, surpassing £100m in funding for existing customers this year.
- The team previously exceeded £1bn in live facilities, highlighting Shawbrook’s growth trajectory.
- Recent increases in funding facilities for two specialist lenders, One Stop Business Finance and Albatross, have been pivotal.
- Warren Mutch, head of specialty finance, emphasised the importance of supporting SME and bridging loan sectors.
- Shawbrook’s ongoing commitment to non-bank lending sectors is evidenced through its considerable funding achievements.
The Shawbrook speciality finance team has successfully surpassed £100m in new credit limits for its existing customers this year, marking a significant achievement in the realm of speciality finance. This accomplishment is underscored by a previous milestone, where the team exceeded £1bn in live facilities, demonstrating Shawbrook’s robust growth and its strategic focus on expanding its influence within the non-bank specialist lending sector.
Shawbrook has recently increased funding facilities for One Stop Business Finance and Albatross. One Stop Business Finance focuses on providing financial solutions to small and medium-sized enterprises (SMEs), while Albatross specialises in bridging loans. This augmentation in funding capacity aims to fortify these specialist lenders’ ability to serve a broader clientele, thus solidifying Shawbrook’s commitment to supporting niche financial markets.
Warren Mutch, Shawbrook’s head of speciality finance, remarked on the importance of these developments, stating, “This achievement underscores the ambitious growth plans and commitment to their own customers demonstrated by the lenders we support.” Mutch further elaborated that by equipping lenders with the necessary funding, Shawbrook is aiding in the service of a wider range of customers, ultimately contributing to the overall health and dynamism of the lending sector.
The strategic initiatives undertaken by Shawbrook highlight its forward-thinking ethos. The bank’s capability to provide such substantial funding is indicative of its dedication to deepening existing relationships while inviting new lenders seeking bespoke funding solutions. Mutch added, “It’s inspiring to be part of such a thriving industry, and we look forward to deepening our relationships while welcoming new lenders seeking tailored funding solutions for their businesses.”
Shawbrook’s achievement in exceeding £100m in funding limits signifies its steadfast commitment to advancing the specialty finance sector.
