An alternative finance provider located at Oak Farm, Latham, near York, has reached a significant milestone in securing new funding. The One Stop Finance Company, renowned for its ability to offer funding solutions in situations where traditional banks may not, has recently surpassed the £30m lending mark for the first time.
The company has seen substantial growth in its loan book, with an increase from £21m just 12 months ago to £31m in April. This represents an impressive nearly 50% growth, and a projected year-end figure of £35m-£36m. This achievement comes after a series of record-breaking months in February, March, and April, highlighting the company’s upward trajectory.
In order to support this growth and expand its reach, the firm has launched a robust recruitment campaign, enabling it to provide services across the majority of England and Wales. This is in line with the company’s goal of continuously enhancing its service offerings and business volume.
Andrew Mackenzie, the founder and group managing director of One Stop Business Finance, expressed his satisfaction with the milestone, emphasizing the company’s commitment to providing tailored funding solutions to a wide range of industries. Acknowledging the challenges that small and medium-sized enterprises (SMEs) often face in accessing finance, especially during times of economic uncertainty, Mackenzie highlighted the company’s dedication to offering flexible and cost-effective funding options.
One Stop Business Finance, established in 2014, has positioned itself as a specialist lender with a focus on supporting businesses with secured loans. The company’s offerings include working capital loans, development lending, revolving credit facilities, and invoice finance, all of which are designed to cater to the diverse financial needs of SMEs across England and Wales.
The company’s success is attributed to its ‘people first’ approach and responsible lending strategy, as well as the hard work of its dedicated team and the ongoing support of private and institutional funders. As the company looks ahead to the future, it aims to build on this achievement and work towards its next target of £40m in what will be its tenth operational year.
For more information about One Stop Business Finance and its range of financial products, please visit www.osbf.co.uk.
In conclusion, the achievement of surpassing the £30m lending milestone reflects the company’s unwavering commitment to supporting SMEs and providing them with the financial means to pursue their growth and development goals.
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