Albatross Lending Group has launched a new small and medium-sized enterprise (SME) lending division and committed £100m to support UK owner occupier SMEs that have struggled to secure finance from high street lenders.
The new division will provide three-year loans between £100,000 and £2m, aimed at businesses who need more time than bridging finance but don’t fit the criteria for longer-term bank loans.
The loans are available for up to 36 months.
Lewis Casserley, co-founder and principal of Albatross Lending Group, said: “Our mission is to provide a stable three-year runway for businesses to execute their growth plans, free from the constant pressure of short-term refinances.
“This £100 million commitment isn’t just capital; it’s a pledge to support the real backbone of the UK economy, SMEs.”
The small and medium-sized enterprise lending division is led by Casserley alongside Geoff Cooney, SME lending manager, Joshua Field, head of credit, and David Cardoso, junior underwriter.
The team will look at future business performance and potential, not just historic accounts, to make lending decisions.
The loans are aimed at businesses in sectors including manufacturing, hospitality, healthcare and retail.
Funds can be used for capital investment, expansion, acquisitions and refinancing.
The small and medium-sized enterprise lending division will run alongside Albatross’s property finance arm as part of its commercial lending platform for UK brokers and their clients.
