Shawbrook Bank Supports Portman Finance Group with $13m Facility for SME Expansion

Shawbrook Bank has provided a £10m ($13.4m) funding line to Portman Finance Group to support its expansion into direct SME lending. The facility will be used to scale up the business and broaden its facilities in the UK SME market. Shawbrook's Specialist Finance team collaborated with Portman's leadership to create a tailored block facility. The British Business Bank has also invested £10m in Shawbrook's £75m Tier 2 note issuance to support growth in its specialist small business markets.