Specialist funding provider One Stop Business Finance is celebrating 10 years of being in business, with a record end to its financial year.
The business, which provides a range of flexible funding solutions for SMEs, recently surpassed the £30 million lending mark, and after a successful recruitment campaign, is welcoming four new Business Development Managers, bolstering the geographical range the business covers across England and Wales.
In parallel, the business also welcomes three new staff based in the York head office, reinforcing the support required for the increase in BDMs.
Managing Director Andrew Mackenzie set the business up back in 2014, based on a desire to offer solution-led and responsible funding options to help businesses succeed.
In that time, One Stop Business Finance has lent an impressive £120m to over 500 clients, supporting their businesses when other lenders have said ‘no’.
Since commencing as a commercial finance brokerage, One Stop Business Finance has developed a substantial own book lending capability, offering fully secured, short term loans to SME clients.
The model is different in that it is funded privately by a few high net worth, and a large number of smaller lenders, frustrated by low interest rates on savings and/or bad debts from peer-to-peer lenders.
Andrew said: “I’m immensely proud of how One Stop Business Finance has grown over the past decade. We pride ourselves on the fact that since the outset, we have a negligible bad debt track record, which is testament to our responsible lending philosophy and the fact that all our lending utilises the services of our solicitors.
“Our success is in no small part down to our excellent team who put every effort into helping our clients, with responsible lending sitting at the very heart of what we do.”
