£30 million lending landmark exceeded for Yorkshire-based One Stop Business Finance

Alternative funding provider One Stop Business Finance has surpassed a new lending milestone, exceeding an impressive £30m for the first time, after record months in February, March and April.

The loan book has increased from £21m, 12 months ago to £31m in April 2024, representing an impressive near-50% increase and with a £35k-£36k projection for the year end at the end of June.

The Yorkshire -based company is continuing to grow, with a strong recruitment campaign, allowing the business to cover the vast majority of England, as well as Wales, with the aim to continually increase its level of service, offering and volume of business.

Reacting to the news, One Stop Business Finance’s founder and Group Managing Director, Andrew Mackenzie, expressed his delight at the lending milestone:

“This landmark is reflective of the amount of funding that we can continue to offer small and medium businesses across the country. These record performances across all areas of One Stop Business Finance are a demonstration that our ‘people first’ and responsible lending strategy continues to deliver strong results.

“We remain committed to supporting the ambitions of small to medium businesses and are proud that we offer bespoke funding solutions to meet the needs of a widely diverse selection of industries.

“SMEs are often the first to experience difficulties accessing finance during times of economic stress, yet by virtue of their size rely disproportionately on external finance for cash flow and investment opportunities.

“When the banks say no, our friendly flexible funding solutions can offer cost-effective solutions so that businesses can focus on their growth goals, development, diversification and recovery.

“This milestone reflects the hard work of our amazing team across England and Wales with the continued support of our private and institutional funders, as we push on towards the £40m target in what is our 10th operational year”.

Established in 2014, the specialist lender, One Stop Business Finance has gained extensive experience in supporting businesses with secured loans from their own private funding, retained profits and bank funding lines.

The company, based in East Yorkshire, currently supports SMEs across England and Wales, with a range of secured financial products including working capital loans, development lending, revolving credit facilities and invoice finance.

Find out more about One Stop Business Finance at www.osbf.co.uk.

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Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.