mcl finance has renewed and expanded its partnership with Shawbrook Bank, securing a 50% uplift in its senior debt facility to bolster SME financing.
Shawbrook, a specialist UK lender, has reaffirmed its collaboration with mcl finance—a partnership originally launched in December 2022 that has already facilitated credit access for more than 1,000 SMEs across the country.
Since its founding in 2019 by Dovi David, mcl finance has seen rapid growth, consistently doubling in size each year. This expansion is driven by its tech-enabled approach to underwriting, strategic risk analysis, and agile product design. The enhanced facility will further fuel the company’s international reach and product innovation pipeline.
The renewed agreement reflects the strength of mcl finance’s performance, with improvements across the board—including a larger borrowing base and higher advance rate, demonstrating strong institutional confidence.
Liam McGall, Associate Director of Speciality Finance at Shawbrook said: “mcl provide fast and flexible finance options for the underserved SME market and continue to go from strength to strength in this market. The growth demonstrated since our relationship commenced in 2022 in all aspects is a key driver for our continued support.
“At Shawbrook, we pride ourselves on supporting existing businesses to reach their growth potential by constantly improving our funding lines, with this increase to mcl an example. We are excited to watch their continued success.”
Joseph Tucker, CFO at mcl finance said: “We are committed to supporting the SME sector by making access to finance faster and smoother. The expansion of the funding line with Shawbrook will allow us to do exactly that, as we continue to innovate and find smarter ways to provide working capital to businesses. We value our relationship with the Shawbrook team and appreciate their continued support and belief in our vision as we go to market with a shared growth ambition.”
