SDKA Ltd set for further expansion thanks to multi-million pound finance facility from Shawbrook Bank
- The bridging finance specialist provides fast and efficient short-term finance to commercial, mixed-use and buy-to-let borrowers
- It has enjoyed rapid growth since being established in 2016 thanks to growing demand for its services
- That growth is set to be accelerated thanks to further support from specialist lender, Shawbrook Bank
LONDON, UK: (21/10/20)
Bridging finance specialist, SDKA Ltd, is accelerating its growth plans following a further funding boost from specialist bank, Shawbrook.
The Manchester-based firm has enjoyed rapid growth in its formative years thanks to growing demand for its fast and efficient short-term bridging finance solutions.
In recent years it has successfully expanded its broker-network across the UK, enhanced its ground-breaking IT systems and increased its underwriting and legal operations.
Shawbrook provided a first round of funding in January this year.
Now the specialist bank has shown further confidence in the business by doubling that funding line to support SDKA’s future growth plans.
Kunal Mehta, Managing Director at SDKA, said: “Shawbrook’s confidence in SDKA demonstrates the quality and faith they have in our business and is testament to the strengths we have shown in our underwriting, the services we offer our clients and in the robust systems we have in place.
“In what has been an unusual year thanks to the impact of Covid-19, the dedication and commitment shown by our team has meant that we have supported more borrowers than ever before with our bridging finance. This is thanks to our ability to understand our clients, make quick but responsible decisions and, above all else, lend with speed.
“As we begin to look at a post-Covid future, I believe there are further exciting times on the horizon for SDKA. The increased funding line from Shawbrook, coupled with the continued autonomy and confidence they have shown in us to lend responsibly, will help to accelerate our growth.”
Established in 2016, SDKA is a principle, specialist lender offering short-term bridge finance secured against both residential and commercial properties in England and Wales.
It has supported a wide breadth of businesses across the UK and beyond with crucial funding solutions, from an award winning craft gin distillery in Yorkshire to supporting British ex-pats in Dubai on the purchase of new build properties.
Paul Tagg, Senior Director of Block Discounting at Shawbrook, who was part of the team that financed the recent facility for SDKA, said: “SDKA is relatively new to the short term bridging market, but thanks to its strong management, impressive tech solutions and quality systems it has already established itself as a stand-out provider of bridging finance to individuals and companies across England and Wales.”
He added: “What continues to impress Shawbrook is the quality of service they are able to offer their clients, with clear decision-making core to their proposition. SDKA is growing, and we are delighted to support their growth and development. We believe they have a very bright future.”
Tracey Floyd, Director of Block Discounting (North) and who also played a significant part in the financing of this deal, added: “Shawbrook is delighted to support SDKA with an enhanced facility assisting the team to further support its clients. We’re pleased to be part of SDKA’s growth and look forward to continuing our work with Kunal and the team at SDKA.”
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About Shawbrook Bank
Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. We are a growing UK specialist bank that challenges the conventional approach of the mainstream banks, with our thoughtful and good-sense approach to the way we do business.