The facility will allow the York-based financier to keep delivering friendly flexible funding to clients and grow its own loan book, helping in delivering services to an increased number of small businesses, UK-wide.
One Stop Business Finance (OSBF) offer bespoke funding options to small and medium sized enterprises SMEs – from working capital solutions to revolving credit facilities, bridging and development loans.
Hampshire Trust Bank joins Shawbrook and Renaissance, becoming the third institutional funding partner for the business.
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With this new infusion of funds, One Stop Business Finance can continue its profitable growth, assisting more businesses with their financial needs and driving long-term success.
The bank’s Transaction Director Daisy Xu said, “We are delighted to be working with One Stop Business Finance. With their experienced management team, OSBF has demonstrated strong track record supporting UK SMEs.
“This facility supports this business strategy, enabling them to further increase their lending capacity. We are excited to see their continued growth and success.”
Andrew Mackenzie, Managing Director at One Stop Business Finance, said: “I’m delighted that we can work with Hampshire Trust Bank, giving us an additional funding line that 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.”
One Stop Business Finance has lent £120m to over 500 clients, supporting their businesses when other lenders have said ‘no’. The business has developed a substantial own book lending capability, offering fully secured, short term loans to SME clients.
The model is different by being funded by a few high net worth individuals, and many smaller private lenders, as well as being supported by the institutional funders like Hampshire Trust Bank.
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