Shawbrook has announced a 50% increase to its existing lending facility with One Stop Business Finance (OSBF), taking the total to £30m.
The extension marks the fifth increase in six years and reflects the growing scale of the partnership between the two specialist lenders.
Founded in 2014, OSBF provides asset-based lending solutions to SMEs across working capital, property development and bridging finance.
The Yorkshire-based firm first secured a £3m revolving credit facility from Shawbrook in 2019, which has since expanded as the partnership deepened.
The latest uplift reflects Shawbrook’s confidence in OSBF’s relationship-driven approach and shared commitment to SME growth.
The increased capacity will enable OSBF to fund larger and more complex projects and to support a wider range of introducers.
Andrew Mackenzie, founder and managing director of One Stop Business Finance, said: “The increased capacity this facility extension gives us will allow us to explore larger and more complex opportunities through our introducer network.
“This is the fifth increase we’ve had in six years from Shawbrook, which demonstrates the strength of our relationship and how the team understands our market, the appeal of our proposition and the potential OSBF has for further growth.”
Matthew Newman, director of speciality finance at Shawbrook, said: “Working with One Stop Business Finance since 2019, we’ve seen the business grow and the positive impact it’s had on the UK SMEs it works with.
“There’s no shortage of demand for the funding and support Andrew and his team provide, and this latest facility increase provides OSBF the capacity to meet that demand and reflects the strength of relationship we have.”
The increase follows a period of strong performance for OSBF, which recently surpassed a £50m loan book and is targeting £100m within two years as it continues to expand nationally with a growing team of business development managers.
