Related topic: SME

Shawbrook says the acquisition of ThinCats will accelerate its existing presence in the specialist SME lending market.

Brokers can now undertake virtual inspections to support asset finance and refinancing of existing assets.

The new roles expand the Bank's reach across England, Wales and mainland Scotland.

This improvement in sentiment comes despite 42.5% of brokers citing a reduction in asset finance applications.

When asked which area would provide the greatest benefit to their business right now, 38% also said easier access to finance.

Close Brothers plans to further diversify into PBSA and Build to Rent.

Commercial mortgage applications are on the rise as half of brokers see increase.

ThinCats provides bespoke funding to SMEs.

Expanded use cases and larger deal sizes aim to fuel more businesses expansion.

65% of brokers are now actively directing clients towards non-bank lenders for applications more than £100,000.