Shawbrook extends support to One Stop Business Finance

In a major boost for small and medium-sized enterprises (SMEs) across the UK, Shawbrook Bank has deepened its partnership with One Stop Business Finance (OSBF) by extending a facility to £20 million.

This increased funding line will enable OSBF to expand its offering of flexible and tailored financial solutions to a broader range of businesses, furthering its mission to support firms that often struggle to secure funding through traditional channels.

The strengthened relationship between Shawbrook and OSBF, which began in 2019, has seen a steady increase in available funds, with Shawbrook initially providing £3 million to support OSBF’s bridging and development finance services. As OSBF’s client base and loan book have grown, so too has Shawbrook’s investment, rising from £15 million to £20 million most recently. Shawbrook now stands as OSBF’s largest funding partner.

Andrew Mackenzie, Managing Director of OSBF, expressed his excitement over the expanded partnership, stating: “I’m thrilled that we’ve been able to strengthen the partnership we established with Shawbrook in 2019.

“This additional funding line complements our private money, ensuring we have the resources needed to deliver our goal of becoming a national lender. It’s vital that we remain focused on providing our friendly, flexible funding solutions to support business growth, especially for those who find it difficult to secure cash through traditional avenues.”

Mackenzie also praised Shawbrook’s hands-on approach, highlighting the bank’s deep understanding of OSBF’s products and clients, and its alignment with OSBF’s strategic growth goals. He noted that Shawbrook’s team, led by Luke Randell, had been instrumental in fully embracing and supporting OSBF’s vision for the future.

Luke Randell, Director of Speciality Finance Portfolio Management at Shawbrook Bank, underscored the value of the partnership, saying:

“One Stop Business Finance provides essential support to the UK’s SMEs, and we’re thrilled to assist them in their next phase of growth. The senior team has consistently demonstrated exceptional professionalism and strategic management throughout our partnership, and we look forward to seeing how they advance the business further.”

As OSBF celebrates its 10th anniversary this year, the company has already lent an impressive £120 million to over 500 clients, many of whom were turned away by other lenders. The company’s unique funding model, which is supported by a mix of a few high net worth individuals, a large number of small private lenders, as well as being supported by the likes of Shawbrook, allows OSBF to offer fully secured, short-term loans that are tailored to the needs of SMEs.