Shawbrook Bank has provided a £10m funding line to support Portman Finance Group’s expansion into direct SME lending. Portman, founded in 2007, has already supported over 20,000 SMEs with £1.5bn in funding. Shawbrook’s structured lending director praised Portman’s experience and data-led approach. The partnership aims to broaden SME loan offerings and assist with larger loans. Additionally, the British Business Bank announced a £10m investment in Shawbrook’s Tier 2 note issuance to support SME finance sector growth. These investments will help Shawbrook continue supporting small businesses in the UK.

Read more at Yahoo Finance: Shawbrook Bank supports Portman Finance Group with $13m facility