Shawbrook boosts One Stop Business Finance funding facility to £30m

Shawbrook Bank has increased its funding facility for One Stop Business Finance (OSBF) by 50%, taking the total to £30 million in the latest expansion of a partnership aimed at supporting small and medium-sized enterprises (SMEs).

The extension marks the fifth increase in six years, reflecting both Shawbrook’s confidence in OSBF and growing demand for SME finance. OSBF, founded in 2014 and based in Yorkshire, provides working capital, property development and bridging loans for small businesses across the UK.

The company first partnered with Shawbrook in 2019 with a £3 million revolving credit facility, which has been expanded several times as OSBF’s loan book has grown. The latest uplift will allow OSBF to fund larger and more complex deals and extend its reach through its introducer network.

The expansion follows a year of strong growth for OSBF, which recently surpassed the £50 million loan book milestone and is targeting £100 million within two years.

Andrew Mackenzie, founder and managing director of OSBF, 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 UK SMEs. This latest facility increase provides OSBF with the capacity to meet that demand and reflects the strength of relationship we have.”