Tag Archives: Business Funding

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One Stop Business Finance secures facility increase with Shawbrook Bank

Specialist working capital, property development and bridging lender, One Stop Business Finance Limited has secured an extension of up to £4 million to its existing £6 million funding line from Shawbrook.

The amendment to the facility, signed on the 13th of September – contributes to the alternative lender, One Stop Business Finance Limited continuing to grow its loan book and exceed lending targets for the year.

The facility has increased to £10 million on an uncommitted basis, which allows One Stop Business Finance Limited to continue to support SME businesses throughout England and Wales. This follows sustained profit growth and a successful recruitment campaign, which saw eight new team members join the group earlier this year.

The company typically funds secured property transactions, offering responsible, alternative funding solutions such as working capital, bridging, revolving credit facilities, and invoice finance.

This agreement is a strong endorsement of the development of One Stop Business Finance’s commitment to investing in business growth, operations and risk procedures and offering exemplary customer service.

Due to its proximity to its customers and the market, owner-controlled One Stop Business Finance has the flexibility, knowledge, and appetite to help businesses when their bank is unable to do so.

Andrew Mackenzie, Group Managing Director of One Stop Business Finance, commented on the facility increase: “I am delighted that we have been able to build further on the relationship that we began with Shawbrook in 2019. This additional funding line continues to sit well alongside our private money and ensures that we have sufficient cash availability to deliver our short-and medium-term plans. Shawbrook continues to be very easy to deal with and has wholeheartedly bought into our strategic growth plans.”

The Speciality Finance team at Shawbrook has an established track record in providing funding lines to non-bank specialist lenders across multiple sectors, including property, SME, and consumer finance.

Luke Randell, Associate Director of Speciality Finance, commented that “Shawbrook has proudly supported One Stop Business Finance since 2019 recognising the business’ success in providing flexible financial solutions. We were able to provide a bespoke funding solution increasing our facility to £10 million following years of successful prudent loan book growth. We value our relationship with One Stop Business Finance and look forward to remaining a key funding partner as the business continues to grow.”

Appointments, Finance and Banking, News, North of England

One Stop Invoice Finance strengthens team with new Operations and Risk Director, Tracey Best

East Yorkshire-based SME funding specialist, One Stop Invoice Finance, the most recent addition to One Stop Business Finance Group, has further strengthened its expertise with the appointment of Operations and Risk Director, Tracey Best.

Tracey joins the team from Aldermore and brings with her over 21 years of specializing in Invoice Finance, after working for both challenger and high-street banks.

Lynn-Marie Jameson, Managing Director of One Stop Invoice Finance expressed her delight at Tracey joining the team: “We are incredibly lucky to have attracted such a well-thought-of and experienced invoice finance professional. Tracey is a pleasure to work with and is already proving invaluable; I’m looking forward to what the future will bring.”

Speaking of her appointment, Tracey said: “It’s an exciting opportunity and enables me to draw on everything I have learned to date in my career, plus to learn a lot more! Everyone has been so welcoming, and it is clear to see the enthusiasm in the team.”

Based near York, but offering Invoice Finance across England and Wales, One Stop Invoice Finance provides early access to the funds owed to customers, whilst they’re waiting for invoices to be paid by customers.

Andrew Mackenzie, Group Managing Director of One Stop Business Finance added: “I am delighted that we have managed to secure someone of Tracey’s calibre as the Operations and Risk Director for our new Invoice Finance business. Alongside Lynn-Marie as Managing Director and David Nadler as Non-Executive Director, this gives us a senior management team that will deliver the diversification and organic growth that the group is seeking to achieve. We have developed a product offering that we believe is unique in the Invoice Finance market and which we will be launching in the next few weeks.”

Photo attached shows (from L to R):

  • Andrew Mackenzie, Group Managing Director – One Stop Business Finance, Tracy Best, Operations and Risk Director, and Lynn-Marie Jameson, Managing Director – One Stop Invoice Finance