Shawbrook enhances SME loan offering to power growth-focused businesses

Shawbrook has unveiled a significant upgrade to its SME lending proposition, rebranding its popular CapEx Term Loan as the Unsecured Business Loan and expanding its use cases to better support ambitious, growth-driven UK SMEs.

Previously limited to funding capital expenditure, the revamped Unsecured Business Loan can now be used for a wider range of business growth initiatives. These include marketing and customer acquisition, recruitment and training, business expansion, and acquisitions, giving SMEs greater flexibility in how they invest for future success.

As part of the enhancement, Shawbrook has also increased the maximum deal size to £250,000 and extended repayment terms up to 60 months, providing brokers and their clients with more options to tailor funding solutions to their growth strategies.

Omar El Faramawi, Head of External Sales Digital SME Lending at Shawbrook, said: “The enhancement of our Unsecured Business Loan product highlights our commitment to supporting ambitious UK SMEs.”

“Whether that’s scaling operations, launching a new product line, or investing in assets and infrastructure, we want to help more businesses access the funding they need to grow.

“We’ve taken a product that brokers and customers already trust and made it even more versatile to meet the evolving needs of SMEs. This is a great opportunity for growth-orientated businesses seeking tailored finance to pursue new opportunities.”