Small scale loans: big business impact – how our loans up to £2m have been used

A word from our partners, Oak North Bank.

We’ve been financing lots of different sectors and projects since we became an officially registered bank, including many multi-million pound deals. But we’re also supporting a range of businesses with loans that are below £2 million, helping to fund an important stage of their growth.

Here’s how our customers have used loans of up to £2m to achieve their milestones.

Aiding a management buyout

Rail consultancy BTTC Infrastructure were in this position when changing the tracks of their own company direction. When two of the three founding members decided to exit the company, our quick loan allowed these founders to move on and to bring in their new management team to see a smooth transition. Because the deal was financed quickly and capably, this gave all of the involved parties the freedom to progress as they wanted.

Exploring new product types

A cash injection into your business can really help when you’re looking to expand into new product areas and research what more you could be doing for your customers.  Manufacturing businesses are often innovating and producing materials that will help other companies grow, so helping these kinds of businesses access finance is critical to helping the wider industry’s advancement.  We supported  Clavis Integrated Display Systems , a manufacturing company that mostly specialises in belt tension measurement equipment, with debt finance in 2022. They’re a company that’s highly tuned into the latest industry trends and committed to supporting future industry advancement in 3D design. 

Further developments into known markets

Many years of operating in real estate can equip you with the knowledge of what works well; what is in demand, what will fit within the area, and what new proposals will excite people. This was the case for our Summer 2022 loan to SWPG Rock, a husband and wife led company with decades of real estate experience. They used their loan to invest in creating a mixed-use scheme in a coastal Cornish village, developing both residential and commercial units with parking garages. If you’re considering your own residential property investment and are looking for a loan under £3m, our newest property loan application can help you get the money for your next project faster.

Affordable products

It’s really refreshing to see companies looking to help their customers with the services they offer, especially in the housing market which is the largest expense for most families. Silver Circle Property specialises in providing affordable homes across the country and their £1.4m loan helped finance a new residential scheme in London.  Being able to back projects like this and bring more affordable housing to the UK’s most expensive city to live in makes a huge difference in the resident’s lives that go on to purchase the apartments. OakNorth offers business loans from £250,000 up to tens of millions. Find out how we can support your growth with our business loans today.

ABOUT OAK NORTH

Launched in September 2015, OakNorth Bank is a fully-licensed bank focused on providing debt finance of £0.5m to £50m to profitable UK businesses and established property developers.

To date, the bank has lent over £9.5bn to businesses across the UK and across sectors, including: schools, nurseries, care homes, recruitment firms, bars, restaurants, hotels, funds and property developers and investors.

The bank also offers a range of competitive retail and business savings accounts, ranging from easy access, notice, fixed term accounts and cash ISAs.

For more information, please visit www.oaknorth.co.uk or reach out directly to our Head of Debt Finance, Ben Barbanel on 07956 843314/ ben.barbanel@oaknorth.com