Shawbrook announced today a surge in demand for its digital SME lending solutions, experiencing a significant 125% year-on-year increase in applications. To meet this growing need, Shawbrook is investing heavily in its digital platform and expanding its team.
This team expansion follows three consecutive months of record growth for Shawbrook’s digital SME business. The additional team members will play a key role in supporting Shawbrook’s broker partners and directly assisting SMEs in securing the capital they need to fuel their growth ambitions.
“The significant increase in demand from SMEs seeking funding solutions reflects the strong entrepreneurial spirit in the UK,” said Stuart Doignie, managing director of the digital SME team at Shawbrook. “We’re committed to providing brokers and their SME clients with the tools and support they need to thrive.”
Alongside the team expansion, Shawbrook is investing in its digital offering to deliver a faster and more efficient funding journey for SMEs. Key highlights include an improved decision engine that allows brokers to receive funding confirmations within 24 hours, streamlining the application process, and the successful launch of the CapEx Term Loan. This innovative product addresses a gap in the market by supporting both tangible and intangible assets, experiencing a 90% monthly increase in applications since launch.
“We pride ourselves on providing exceptional service and innovative solutions,” said Doignie. “Our talented new team members will be instrumental in delivering this commitment. We will continue to invest in our digital platform and develop new products like the CapEx Term Loan to ensure SMEs have access to the resources they need to succeed.”
