Shawbrook Bank has provided a revolving credit facility to 4Syte Structured Finance, a Chelmsford-based lending institution and part of the 4Syte Group of companies, to support the growth of its secured SME loan portfolio.
The wider 4Syte Group was founded in 2016 and is one of the UK’s leading secured SME lenders, covering a wide range of services including Invoice Finance, Debt Sale, Construction Finance, Trade-Finance and Structured Finance. The 4Syte Group supports businesses with various solutions covering the funding requirements for working capital, cashflow, business expansion and debt consolidation.
4Syte Structured Finance offers secured SME loans backed by residential and commercial properties located throughout England and Wales. The new funding line will support expanding its portfolio, which has already seen rapid growth since its inception in January 2019.
Shawbrook Bank’s Specialist Wholesale team is supporting 4Syte Structured Finance’s future growth through the provision of a bespoke facility to meet specific funding requirements.
Paul Fenton, Managing Director at 4Syte Structured Finance, said: “We are delighted to be working with Shawbrook Bank, and this new relationship highlights our strength in the secured lending market. This new funding line will enable us to support even more SMEs with our niche loan products and appetite to lend to established and start-up businesses alike. Since 2019 we have been committed to introducers and borrowers, offering flexible structured funding options and we are looking forward to growing our portfolio with a new competitive price point.”
Jake Francis, Structured Finance Associate Director at Shawbrook Bank, said: “The team at 4Syte Structured Finance are specialists in their chosen market, which has allowed the business to support their existing customers over the past year. We are pleased to be working alongside the team and look forward to assisting in their continued growth.”