Shawbrook has reached a remarkable milestone by exceeding £100m in new credit limits for its speciality finance customers this year. This achievement underscores the bank’s commitment to growth and support in the non-bank specialist lending sector.
- The speciality finance team at Shawbrook has surpassed £100m in new credit, following last year’s success of topping £1bn in live facilities.
- Recent funding facility increases were made for specialist lenders One Stop Business Finance and Albatross, targeting SMEs and bridging loans, respectively.
- Warren Mutch, the head of specialty finance, highlights the ambitious growth plans and dedication to customers as pivotal to this success.
- Shawbrook’s efforts are seen as contributing positively to the overall health of the lending sector, with future growth and new relationships anticipated.
iShawbrook’s speciality finance team has achieved a notable milestone this year by exceeding £100m in new credit limits for its existing customers. This follows the past year’s success where the bank surpassed £1bn in live facilities, marking its robust position and ongoing growth within the non-bank specialist lending sector./i
In a recent move, Shawbrook enhanced funding facilities for two key specialist lenders, One Stop Business Finance and Albatross. These lenders are focused on serving small and medium-sized enterprises and providing bridging loans, respectively. These strategic partnerships aim to cater to a broader range of customers, thus bolstering Shawbrook’s influence and support within the industry.
Warren Mutch, heading Shawbrook’s specialty finance division, emphasised the ambitious growth plans that are in place. He remarked, ‘This achievement underscores the ambitious growth plans and commitment to their own customers demonstrated by the lenders we support.’ His statement reflects the proactive and customer-focused approach Shawbrook adopts, ensuring that their partners can effectively meet diverse customer needs.
The impact of these funding limits is significant, not only for Shawbrook but also for the wider lending sector. By providing essential financial resources, Shawbrook assists its partner lenders in expanding their reach and capability to serve more clients, thereby enhancing the health and vibrancy of the lending industry. This strategic foresight is integral to driving sustainable growth and maintaining robust financial infrastructure within the sector.
Looking ahead, Shawbrook’s efforts are aimed at fostering deeper relationships with existing partners while being open to welcoming new lenders seeking bespoke funding solutions. Their approach is closely aligned with facilitating a thriving and dynamic lending ecosystem, reflecting their long-term commitment to industry excellence and innovation.
Shawbrook’s achievement in exceeding £100m in funding limits exemplifies its strategic commitment to expanding and strengthening the specialist finance sector.
