Portman Finance Group, a Northampton-based lender, has secured a £10m funding line from Shawbrook’s Speciality Finance team. Founded in 2007, Portman has evolved from a finance brokerage to a direct SME lender, now employing over 100 people. The company has already provided more than £1.5bn in funding to over 20,000 businesses.
This new funding will enable Portman to expand its loan offerings, focusing on larger and longer-term finance solutions for small and medium-sized enterprises (SMEs) in the UK. The funding will support Portman’s strategy to grow its capabilities and assist more SMEs in accessing the finance they need to scale.
With this partnership, Portman aims to strengthen its market position and further contribute to the growth of UK businesses. The funding line is expected to be a key enabler in Portman’s ongoing expansion plans.
