Exeter Finance, a specialist provider of loan facilities in the South West, is celebrating a significant milestone: a ten-year collaboration with Shawbrook Bank. Established in 2013 by Peter Keech, Exeter Finance has become a pivotal part of the local property market, offering tailored funding solutions such as bridging loans, auction purchases, and development projects.
Over the years, Exeter Finance has arranged over 700 loans, with 130 currently active, delivering more than £250 million in funding. Early in its history, the company secured a funding line from Shawbrook’s Speciality Finance team, beginning with a bespoke £750,000 block discounting line that has since grown to a substantial £30 million commitment, evolving in line with Exeter Finance’s expanding needs.
Peter Keech, managing director at Exeter Finance, reflected on the partnership’s impact: “Our focus is to provide local property businesses with fast and efficient funding solutions, and having the capital to deliver these is key. We knew the team at Shawbrook and their sector experience, so it was a natural move to approach them when we first set up the business and they very quickly understood our objectives.”
He continued, “We have also seen a boom in the South West over the last few years, which in turn impacted on demand. Mark, Warren and the team there have maintained a great partnership with us over the last ten years, assisting with an increased facility as the business grew. We would not be where we are today without the unwavering support of Shawbrook.”
Warren Mutch, head of Speciality Finance at Shawbrook, commented on the fruitful relationship: “Peter and his team had a very clear strategy right from the start and this was critical to our arranging the initial funding package. Their expertise and investment in local businesses has been fundamental to their success over the last decade and we have watched the team go from strength to strength.”
Warren added, “We are delighted to have supported the growth of Exeter Finance and be celebrating a joint 10th anniversary and look forward to seeing the business continue its growth trajectory in the South West region.”
