"One Stop Business Finance offer much needed support to the UK’s SMEs, and we’re pleased to be assisting them with their next stage of growth."
One Stop Business Finance has continued its partnership with Shawbrook through a new increased facility.
Shawbrook and One Stop’s relationship first began in 2019, when Shawbrook provided a £3m facility funding its bridging and development finance book. This has since increased in line with business needs and growth, most recently having grown from £10m to £15m in June 2023.
With this new funding injection, One Stop Business Finance will be able to expand its remit, supporting more SMEs with their funding needs and achieving long-term business growth.
Established in 2014 in York, One Stop Business Finance offers bespoke funding options to SMEs including working capital solutions, invoice finance and development lending.
Andrew Mackenzie, group managing director at One Stop Business Finance, said: "I am delighted that we have been able to further build on the relationship that we began with Shawbrook in 2019.
"This additional funding line continues to sit well alongside our private money and ensures that we have sufficient cash availability to deliver our plan to become a nationwide lender.
"As conditions remain precarious across the country, it is important that we continue to strive in delivering our friendly flexible funding solutions to fund business growth for those who may struggle to access cash through the traditional routes."
Luke Randell, associate director of structured finance at Shawbrook, added: “One Stop Business Finance offer much needed support to the UK’s SMEs, and we’re pleased to be assisting them with their next stage of growth. The senior team’s professionalism and strategic management skills have been particularly impressive throughout our relationship with them, and we’re excited to see where they take the business next.
“Indeed, their management experience, overall track record, and security structure are all key to this continued partnership.”
