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Skipton Business Finance has completed a £5m funding package for a Midlands-based business, marking the launch of its asset-based lending (ABL) proposition and a significant milestone in its strategic expansion.
The facility combines a £3.5m invoice discounting line with a £1.5m Growth Guarantee Scheme (GGS) cashflow loan, providing a flexible and scalable funding structure. The solution refinanced the client’s existing arrangements while unlocking additional headroom to support ongoing growth.
The deal demonstrates Skipton Business Finance’s ability to structure multi-product funding solutions tailored to more complex and evolving client requirements.
Delivered in close collaboration with the client and its advisers, including Quantuma, the deal ensured a smooth transition from the incumbent funder while achieving a competitive and future-proofed funding structure.
Ben Pittam, Regional Sales Director, ABL (South), Skipton Business Finance, said:
“This is a landmark moment for Skipton Business Finance. Completing our first ABL deal is not just a milestone - it signals our intent to the market.
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, 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.”