Bathgate supports nine businesses with £1 million in own-book lending

Bathgate Business Finance has supported nine businesses through its own-book lending, writing one million pounds in June 2024 from its own internal funds.

As well as brokering deals out to their extensive panel of traditional and alternative funders, Bathgate’s ownbook lending is a useful option for many SMEs, particularly businesses below a certain level of turnover, who may not have access to a dedicated relationship manager at their bank.

With own-book lending decisions are taken quickly in-house without the need to submit to credit committees that exist in some larger funders, making it faster and easier to secure business finance.

Bathgate Business Finance BDM, Chris McLoughlin, said: “We are privileged to be able to offer own-book lending, and it is an important tool in our armoury that allows us to help businesses of all sizes navigate this challenging economic climate.

“The funding landscape has shifted dramatically in recent years, and the way business owners can access finance options has changed too. Many smaller businesses will not have a dedicated relationship manager for their own bank and may find it harder to access traditional funding, especially if finance is needed quickly.

“Bathgate positions itself in the gap that has been left, as a trusted advisor for business owners, who can help them find the right funding for their needs. This might be via a traditional or alternative funder, a sector specialist funder, or from our own book. Our wide network of lenders, own funds, sector-agnostic approach and collaborative nature means that we are often able to develop unique tailored solutions that aren’t available elsewhere.”

For more information on own-book lending visit www.bathgatebf.co.uk, call Chris McLoughlin on 0151 625 7323 or email chris@bathgatebf.co.uk