When we were founded back in 2018 we had a clear aim to fix small business finance - giving businesses access to loans that have realistic terms, clear & bespoke decisioning and quick funding. Small businesses don’t - and shouldn’t - have to wait around weeks for funding. We get it. That’s why our super speedy funding promise means we fund businesses within 4 hours of approval
This facility from Shawbrook Bank will allow us to help even more small businesses get the funding they need to thrive.
Dovi David, Founder and CEO at mycashline said:
“We’re super excited to work with Shawbrook given their strong financial experience in alternative lending. Over the course of the transaction, we’ve developed a really good working relationship with the Shawbrook team.
This debt facility will allow us to grow even faster, maintaining our position as an ever-growing player in small business finance. We have a fantastic brand and equally impressive product.
We know it’s going to be especially important next year to support growing businesses and make sure they get the lending they need to continue to thrive. And we can’t wait to get going in 2023.”
Ismail Farhat, Director, of Structured Finance at Shawbrook Bank said:
“We’re delighted to be working with mycashline and helping support them through their next phase of growth. Their unique proposition sets them apart from other lenders in the market, and we’re really looking forward to watching how they continue to develop and grow.”
Choose a lender that gets it.
mycashline was represented by Matthew Pentacost and Elizabeth Street-Thompson from Ashurst, whilst Shawbrook was represented by Osborne Clarke.