{"id":333,"date":"2024-07-18T12:34:07","date_gmt":"2024-07-18T12:34:07","guid":{"rendered":"https:\/\/paarentingnation.com\/?p=333"},"modified":"2024-08-01T15:42:46","modified_gmt":"2024-08-01T15:42:46","slug":"how-shawbrook-secures-sme-lending-success","status":"publish","type":"post","link":"https:\/\/paarentingnation.com\/index.php\/2024\/07\/18\/how-shawbrook-secures-sme-lending-success\/","title":{"rendered":"How Shawbrook Secures SME Lending Success"},"content":{"rendered":"
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Shawbrook is a specialist lender armed with diverse industry experts and a high-service, client-focused approach to lending needs for larger SMEs and mid-market firms.<\/p>\n

Banks have faced their share of challenges; from the mid-2000s credit crunch to the recent Covid-19 pandemic. While global events will continue to impact financial markets in various ways, the durability of banks is vital to the success of businesses, particularly those seeking lending facilities. Here, Shawbrook<\/a>, a bank which services SMEs including firms in the mid-market space, has the tools to help today\u2019s scaling companies prosper, explains managing director of Corporate Lending, Midlands, North and Scotland, and ABL lead, Mark Parsons.<\/p>\n

\"MarkFor Parsons, who has spent over twenty-five years in the banking world, \u201cfinding a bank\u201d to work for, such as Shawbrook, which has \u201cthe experience to lend well and the capital structure to do it under its own steam and with no third parties influencing things,\u201d has been the dream. \u201cWe\u2019re a traditional bank with a strong deposit book,\u201d he states. \u201cAll decisions are internal and our lending decisions have been consistent over the years.\u201d<\/p>\n

Shawbrook is a bank that knows who its clients are, namely larger SMEs and mid-market businesses which are \u201ctoo big\u201d for simpler lending models and \u201ctoo small\u201d for larger more corporate ones; \u201cwe want to work with that forgotten middle,\u201d he states.<\/p>\n

Shawbrook isn\u2019t a \u201cchallenger bank,\u201d but a \u201cspecialist lender,\u201d explains Parsons. It serves \u201cbusinesses with complex operating models that do not fit within low-cost delivery lending models.\u201d As such, Shawbrook provides them with \u201cproper relationship support from really experienced people who aren\u2019t afraid of taking time to understand a complex situation and deliver a bespoke solution.\u201d Forget a standardised approach, Shawbrook’s service is customer-focused and highly specialised, boasting teams of banking experts with experience across many distinct industries, always with an eye on the client\u2019s main goals.<\/p>\n

Its team of specialists mean Shawbrook can support with a wide range of event-driven needs, delivering funding for mergers and acquisitions, refinance, growth and ownership transitions. The team works with clients across many different sectors; from manufacturing, technology and logistics to retail, wholesale supplies and even the wealth management sector. However, a three-point mission underpins all client encounters. These are \u201ccertainty, speed and deliverability,\u201d where the Shawbrook team are flexible enough to \u201cmake decisions quickly\u201d and stand by them, which means clients \u201ctrust us to deliver what we say we\u2019re going to do.\u201d<\/p>\n

The firm\u2019s success to date is not down to a unique offering but rather its specific, high-quality client services. \u201cThere are many others that can do asset-based and cashflow lending, and do it well,\u201d he admits. \u201cHowever, we\u2019ve deliberately widened our asset-based and cashflow policies to give us maximum room to structure in an innovative way to work with businesses. Then, we back that up with really strong relationship support.\u201d<\/p>\n

In short, Shawbrook\u2019s \u201chybrid structure\u201d enables them to offer a sophisticated level of support to the larger SME space and mid-market firms. \u201cWhile one or two others in the market can do this, they tend to operate at the larger corporate scale,\u201d he adds.<\/p>\n

If you were in doubt about Shawbrook\u2019s capacity to weather economic hardship, look at the health of their corporate loan lending book. \u201cWe consolidated our facilities at the end of 2019 and created corporate lending at\u00a0 the start of 2020,\u201d he confirms. Despite this coinciding with the start of the pandemic, the lending book was worth about 250 million. Today, the<\/span> book on a \u201cfunds in use\u201d basis sits at 630 million. \u201cThis is through a period where there were various risks to consider, yet we have prospered by developing products SMEs want and by delivering them well.\u201d<\/span><\/p>\n

In terms of ongoing market challenges, Parsons is confident that Shawbrook can navigate any tricky waters that rise their way by \u201csticking to the same core principles\u201d in how they assess clients. These include \u201cunderstanding the business, the policy, the management team, technical capabilities, ability to generate cash, as well as their passion for developing the business and driving it forward, and then to lend against that.\u201d<\/p>\n

At Shawbrook, SME finance requirements range from the simple to the more complex, Parsons gives us an example of the latter. In this case, a Stoke-based company that \u201cworked with a normal bank for a while then wanted a solution to enable them to support an acquisition strategy.\u201d The company in question sought to acquire several small businesses \u201cquickly and with certainty\u201d, so the Shawbrook team \u201cfocused on that part of it rather than just refinancing what they already had.\u201d According to Parsons, the client commended them for understanding what their key issue was.<\/p>\n

So that\u2019s Shawbrook, a specialist bank that is taking each business as an individual, and offering them bespoke solutions that work and set them on the road to success\u2026<\/p>\n

The post How Shawbrook Secures SME Lending Success<\/a> appeared first on Real Business<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shawbrook is a specialist lender armed with diverse industry experts and a high-service, client-focused approach to lending needs for larger SMEs and mid-market firms. Banks have faced their share of challenges; from the mid-2000s credit crunch to the recent Covid-19 pandemic. While global events will continue to impact financial markets in various ways, the durability […]<\/p>\n","protected":false},"author":1,"featured_media":335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/posts\/333"}],"collection":[{"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":2,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":336,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/posts\/333\/revisions\/336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/media\/335"}],"wp:attachment":[{"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/media?parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/categories?post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/paarentingnation.com\/index.php\/wp-json\/wp\/v2\/tags?post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}