One Stop Business Finance (OSBF) has secured a £10m ($12.5m) facility from the UK-based Hampshire Trust Bank to support its growth.
This funding aims to expand OSBF’s loan book, enabling the company to offer its “friendly flexible funding solutions” to more small and medium-sized enterprises (SMEs) across the UK.
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The company specialises in custom-made funding options, offering services such as working capital solutions, revolving credit facilities, bridging, and development loans.
OSBF managing director Andrew Mackenzie said: “I am 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 is 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.”
Hampshire Trust Bank transaction director Daisy Xu said: “We are delighted to be working with One Stop Business Finance. With their experienced management team, OSBF has demonstrated a strong track record supporting UK SMEs.
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By GlobalData“This facility supports this business strategy, enabling them to further increase their lending capacity. We are excited to see their continued growth and success.”
This partnership makes Hampshire Trust Bank the third institutional funding partner for OSBF, alongside Shawbrook and Renaissance.
Last October, OSBF expanded its financial facility with Shawbrook Bank to £20m.
The partnership between OSBF and Shawbrook Bank began in 2019, with the latter initially providing a £3m facility to fund OSBF’s bridging and development finance book.
Since its inception, OSBF claims to have lent more than £120m to more than 500 clients.
The company’s funding model combines private money from high-net-worth individuals and smaller private lenders with institutional funding from partners such as Hampshire Trust Bank.
