A great day for the small to medium sized business owner as new banking entrant Shawbrook Bank enters the market place.
Shawbrook is an amalgamation of three previous business finance institutions. The new bank combines the savings and lending functions of Whiteaway Laidlaw Bank, Link Loans and the lending platform of Commercial First and is funded exclusively by RBS Equity Finance.
All of Shawbrook Bank’s lending takes places through brokers and intermediaries. It says it is committed to processing commercial mortgage applications within 48 hours and secured loan applications within two hours of receiving them.