The move will enable LFPL to significantly increase its ability to fund the growth of more small businesses across the UK through its Merchant Cash Advance product.
Paul Tagg, Director at Shawbrook Asset Finance, said:
“Small businesses are integral to the future prosperity of the UK economy and it is vital that these businesses have access to the necessary funding they need in order to grow and prosper. We are pleased to extend a line of credit with Liquid Finance Partnership Limited, which has a simple, flexible product that provides working capital that can be used for any purpose that helps a small business grow.”
Richard Morley, Director of European Development at Liquid Finance, said:
“We are delighted to be working with Shawbrook. Its support will enable us to fund even more UK businesses thereby helping them to grow. We are seeing more and more demand for cash advances as these businesses recognise the growth capital advantages of our product.”
