Exeter Finance, a company providing specialized loan facilities in the South West of the UK, has achieved a significant milestone: a decade-long partnership with Shawbrook Bank. Founded in 2013 by Peter Keech, Exeter Finance has played a pivotal role in the local property market, delivering tailored funding solutions such as bridging loans, auction purchases, and development projects.
Over the past ten years, Exeter Finance has facilitated over 700 loans, with 130 of them currently active, resulting in more than £250 million in funding. Initially, the company secured a funding line from Shawbrook’s Speciality Finance team, starting with a custom £750,000 block discounting line which has now grown to a substantial commitment of £30 million. This illustrates the evolving nature of Exeter Finance’s financial needs.
Peter Keech, the managing director at Exeter Finance, shared his thoughts on the impact of the partnership: “Our primary goal is to provide fast and efficient funding solutions to local property businesses, and having the necessary capital to achieve this is crucial. We were familiar with the Shawbrook team and their expertise in the sector, so it was a natural decision to approach them when we first established the business, and they quickly grasped our goals.”
He further added, “We have witnessed a significant upsurge in the South West in recent years, leading to an increased demand. Mark, Warren, and their team have been steadfast partners for us over the last decade, helping us to expand our facilities as the business grew. Without Shawbrook’s unwavering support, we would not have achieved our current status.”
Warren Mutch, the head of Speciality Finance at Shawbrook, also expressed his thoughts on the successful relationship: “Right from the beginning, Peter and his team had a clearly defined strategy, which was crucial in our arrangement of the initial funding package. Their expertise and commitment to local businesses have been pivotal to their success over the past decade, and we have observed the team’s remarkable progress.”
Warren continued, “We are thrilled to have contributed to the growth of Exeter Finance and are excited to celebrate this joint 10th anniversary. We look forward to witnessing the company’s continued expansion in the South West region.”
In conclusion, the enduring partnership between Exeter Finance and Shawbrook Bank has been a mutually beneficial collaboration, resulting in substantial growth for Exeter Finance and consistent support from Shawbrook. This significant milestone is a testament to the dedication, expertise, and strategic vision of both companies, and it paves the way for continued success in the future.