One Stop Business Finance, a lender based in York specialising in providing bespoke funding options to small and medium-sized enterprises (SMEs), has expanded its partnership with Shawbrook, ensuring continued support and growth for businesses across the UK.
Established in 2014, One Stop Business Finance offers various funding solutions ranging from working capital to invoice finance and development lending. Their approach includes access to a dedicated ‘trusted advisor,’ enabling a personalised service for business owners.
The relationship between Shawbrook and One Stop Business Finance commenced in 2019 when Shawbrook provided a £3m facility for bridging and development finance. This has since grown in alignment with business needs, recently expanding from £10m to £15m in June 2023.
Shawbrook now stands as the firm’s largest funding partner. The deep understanding that Shawbrook has of both One Stop Business Finance’s individual business and the broader market has been instrumental in forging this relationship.
Andrew Mackenzie, group managing director at One Stop Business Finance, said: “I am delighted that we have been able to further build on the relationship that we began with Shawbrook in 2019. This additional funding line continues to sit well alongside our private money and ensures that we have sufficient cash availability to deliver our plan to become a nationwide lender.” He also emphasised the necessity of flexible funding in supporting business growth, especially for those who might struggle to secure traditional financing.
With the enhanced funding provision, One Stop Business Finance will further extend its reach, offering additional support to SMEs and achieving long-term growth. Mackenzie further added: “As conditions remain precarious across the country, it is important that we continue to strive in delivering our friendly flexible funding solutions to fund business growth.”
Luke Randell, associate director of structured finance at Shawbrook, said: “One Stop Business Finance offer much-needed support to the UK’s SMEs, and we’re pleased to be assisting them with their next stage of growth. The senior team’s professionalism and strategic management skills have been particularly impressive throughout our relationship with them, and we’re excited to see where they take the business next.”
