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Asset Finance Sponsored by Asset Finance News Shawbrook reaches £100m in new funding for specialty finance customers Published: 22nd October 2024 Share Shawbrook’s Speciality Finance team has reached a significant milestone, exceeding £100 million in new credit limits for its existing customers this year. This achievement underscores the bank’s commitment to supporting specialist non-bank lenders in the property finance, SME lending, and consumer lending sectors. Nearly a quarter of Shawbrook’s existing clients have secured increased credit limits, totalling over £100 million in 2024, demonstrating the bank’s commitment to supporting the growth of its clients across all stages of their development. Shawbrook provides direct and indirect financing to property, SME and consumer lenders, helping them achieve their financial goals. Shawbrook’s Speciality Finance team has surpassed £100 million in new credit limits this year, building upon a similar achievement last year when the team exceeded £1 billion in live facilities. These milestones highlight Shawbrook’s ongoing growth and commitment to supporting the non-bank specialist lending sector. Recently, Shawbrook increased funding facilities for One Stop Business Finance and Albatross, two specialist lenders focused on SME and bridging loans, respectively. Warren Mutch, head of specialty finance at Shawbrook, said: “This achievement underscores the ambitious growth plans and commitment to their own customers demonstrated by the lenders we support. By providing these lenders with the necessary funding, we are helping them to serve a wider range of customers and contribute to the overall health of the lending sector. “It’s inspiring to be part of such a thriving industry, and we look forward to deepening our relationships while welcoming new lenders seeking tailored funding solutions for their businesses.” Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member NewsUnited Trust Bank Asset Finance to launch in Scotland NewsPraetura Asset Finance breaks funding record Corporate Member NewsSimply achieves milestone growth in Northern Ireland Asset Finance