Skipton Business Finance marks ABL launch with £5m funding deal

Skipton Business Finance has completed a £5 million funding package for a Midlands-based business, marking the launch of its new asset-based lending (ABL) proposition.

The facility combines a £3.5 million invoice discounting line with a £1.5 million Growth Guarantee Scheme (GGS) cashflow loan, creating a flexible funding structure designed to support the client’s ongoing expansion.

The package refinanced the business’s existing arrangements while providing additional funding headroom to support future growth, demonstrating Skipton Business Finance’s ability to deliver more complex, multi-product funding solutions.

The transaction was completed in collaboration with the client and its advisers, including Quantuma, enabling a smooth transition from the incumbent funder and the delivery of a competitive long-term funding solution.

The deal represents the first completed transaction under Skipton Business Finance’s new ABL offering, expanding the lender’s proposition beyond its established invoice finance capabilities.

“We are seeing increasing demand from UK businesses for more flexible, scalable funding solutions as they grow and evolve. This deal demonstrates our ability to deliver that, combining deep expertise with our renowned, relationship-led approach.

“This is just the beginning of our journey in ABL.”

Finlay McLoskey of Quantuma added: “We are pleased to have supported Skipton Business Finance on this inaugural ABL deal. It highlights the importance of structuring funding solutions that not only meet immediate requirements but also provide the flexibility to support future growth.”