Member Article

One Stop Business Finance loan book grows by a third in just three weeks

Yorkshire-based SME funding specialist One Stop Business Finance has reported a record period of growth during the first three-weeks of March, which has seen the value of its loan book increase by one third.

A record nine transactions totalling £3.5 million have been completed by One Stop Business Finance in March for SME clients based across the UK, including Cambridgeshire, Humberside, North Yorkshire, South Yorkshire, South Wales and Lancashire.

These latest loans, efficiently arranged within One Stop Business Finance’s usual short timeframes, will play a crucial role in facilitating growth for businesses in a diverse range of sectors, from residential housebuilding and property refurbishment to waste management and retail lighting.

Andrew Mackenzie, Managing Director of One Stop Business Finance, which specialises in providing funding to SMEs who have been unable to access support through their bank, said: “Our Business Development Managers, with help from our Non-Executive Director, David Jockel, have delivered a series of deals which has seen our loan book increase by a third in the space of just three weeks.

“This represents tremendous growth for One Stop Business Finance and rewarding for the whole team to be able to assist so many different clients to develop their businesses, create employment opportunities and thrive. Our excellent network of external partners has played a key role too – in particular, we could not have achieved this record performance without the exceptional support of Ben Slack’s team at Clarion, who are instrumental in the continued success and evolution of the One Stop Business Finance brand.”

Based at Laytham near York, One Stop Business Finance provides secured loans from its own funding and through its network of finance providers for SME clients who are able to offer security for their debts. The company differs from mainstream banks by working to find tailored solutions for an SME’s particular circumstances, taking clients through a process to identify the most suitable and cost effective options and ensuring that responsible lending is at the heart of what they do.

This was posted in Bdaily's Members' News section by Emma Hudson .