Shawbrook‘s corporate lending business now provides over £1bn in specialist funding for mid-market small and medium enterprises (SMEs) in the UK.
This milestone underscored the bank’s commitment to supporting growth for SMEs by providing them access to funding options that are traditionally only available to larger corporations.
Shawbrook offers a range of lending facilities, with amounts of up to £35m, to help established SMEs accelerate their growth by providing them with structured finance facilities.
The corporate lending team is comprised of debt specialists with experience in corporate advisory and the commercial divisions of major banks.
Nick Leitch, managing director of corporate lending at Shawbrook, said: “Every business we support has its own unique story.
“Many are highly respected and ambitious in their markets, looking to do something exciting.
“That’s where specialist funding can make a huge difference.
“We know that almost 70% of SME owners are willing to pay more for specialist lending expertise to support their ambitions, and with experienced professionals across the UK, shorter lines of communication, and the ability to flex and tailor our facilities, including ABL and leveraged cashflow lending, we can offer something very compelling and personalised to clients and their advisers.
“You now don’t have to be a FTSE 100 business to access FTSE 100 finance.”
Darren Locker, managing director at BEW, added: “I would like to express my gratitude to Shawbrook for the bespoke package the team have assembled for us as we begin an exciting new era for BEW.
“The terms offered will allow us to expand the reach of our business, supplying top-quality electrical goods to over 2,000 clients up and down the UK.”
Emily Vernon, chief financial officer at Commhoist, concluded: “We were seeking a funding partner who could demonstrate an understanding of our business, as well as deliver a flexible package which would allow us the necessary firepower for further growth.
“Shawbrook delivered all of the above and have built a great relationship with our team in the process – we look forward to working with them going forward.”
